When it comes to retirement accounts, the finance industry doesn't make it easy on you. Not only are the names of the different accounts painfully uncreative and frustratingly similar sounding -- 401(k), 403(b), traditional IRA, Roth IRA, etc. -- understanding and weighing the pros and cons of each type are enough to make your head spin.

There is one retirement account, however, with benefits so compelling that every investor should have one: the Roth IRA.

Before diving into the many advantages of a Roth IRA, let me first say I am not advocating you replace any other retirement account you may already have with one. For example, having both a 401(k) and a Roth IRA is a great way to set yourself up for a comfortable retirement.

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Source Fool.com