Tagged: Roth IRA

The Less Taxing Roth IRA

“A Roth IRA is an Individual Retirement Account that provides tax-free growth. As a result, it’s the simplest – and potentially the most effective – sheltered account imaginable.”Moneychimp.com

Considering the Roth IRA is a way to totally avoid paying taxes on your retirement savings, it’s puzzling why more of us don’t embrace it.  Here’s some startling statistics from Fidelity: only 19% of working Americans hold Roth IRAs, even though 90% qualify for them. And according to the most recent numbers from the Federal Reserve Survey of Consumer Finances, only 4% of all IRA assets are held in Roth IRAs. Continue reading