
This is one of the best ways to get tax-free retirement savings
CNN
Though you don't get a tax deduction on your contributions, you can grow, and eventually withdraw the money without paying any taxes on it. Before you hit retirement age, the money is easier to access than most other retirement accounts. And once you're retired you won't be forced to make withdrawals and can grow the money tax-free for as long as you like.
But there is one drawback: You can't save nearly as much annually in a Roth (up to $6,000 this year, or $7,000 if you're 50 or older) as you can in a 401(k) (up to $19,500 pre-tax or $26,000 for those 50 and over). Plus, those who earn above certain thresholds aren't eligible to make Roth contributions.
More Related News

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











