Description
What Is a Roth IRA?
Roth IRAs are tax-favored financial vehicles that enable investors to
save money for retirement. They differ from traditional IRAs in that
taxpayers cannot deduct contributions made to a Roth. However,
qualified Roth IRA distributions in retirement are free of federal income
tax and aren't included in a taxpayer's gross income. That can be
advantageous, especially if the account owner is in a higher tax bracket
in retirement or income tax rates are higher in the future.