4 Reasons Roth IRAs Rule
When it comes to saving for retirement, there are different plans you can choose from. You may be tempted to open a traditional IRA because that way, you'll get an up-front tax break on the money you put in.
Roth IRAs, on the other hand, don't offer that instant gratification. Rather, with a Roth IRA, you may have to wait years to reap some solid benefits. But in spite of that, here are a few reasons why Roth IRAs may be the best retirement savings plan out there.
If you think paying taxes is difficult now, imagine having to deal with the IRS when you're a senior, at a time when your income may be far more limited and a surprise tax bill could really throw your finances off course. The beauty of Roth IRAs is that they're funded with after-tax dollars, so once you have money in your account, taxes won't come into the picture. You'll get to enjoy your withdrawals during retirement without the IRS getting a piece of that money.
Source Fool.com
