It May Get Easier to Save in a Roth IRA in 2024. Here's Why.
There are plenty of benefits to saving for retirement in a Roth IRA. For one thing, investment gains in a Roth IRA are yours to enjoy tax-free. So if you contribute $100,000 to your Roth IRA over time and your balance grows to $1 million, you get to walk away with $900,000 in gains without owing the IRS a dime.
Roth IRA withdrawals are also tax-free in retirement. And at a time in your life when you're on a fixed income, not having to pay taxes on withdrawals really helps.
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Source Fool.com
