A Roth IRA comes with seriously sweet benefits for retirement savers.
It’s an individual retirement account — that means you open and fund it, not your employer.
Here’s the best thing about it: You invest money you’ve already paid taxes on. Your money grows… and grows… and once you reach age 59 ½ and you’ve had the account for at least five years, all those earnings are yours tax-free. Plus, you can withdraw your contributions whenever you want without paying taxes or penalties.
Because Roth IRA tax savings are generous, Uncle Sam limits how much you can contribute and how
