Its’ never too early to begin saving for your retirement. A Roth IRA is a good way to start young adults with an affordable and tax-free account that with little upfront investment compounds over the years. It’s a smart retirement option independent of any regular IRA you may have with an employer and an option that makes sense in this uncertain employment era of COVID.
Recently Making Cents Podcasts interviewed T. Insley, Agency Owner Insley Investment Group and Insley’s Financial Advisor, Brian Villec about how easy and smart a Roth IRA account can be. In true “Insley Fashion” the benefits of the Roth IRA were clearly outlined by “T” and Brian on this DelOneFCU podcast report. Listen Here.
- A Roth IRA is a retirement savings account that allows your money to grow tax-free
- In return for no up-front tax break, your money grows and grows tax free
- When you withdraw at retirement, you pay no taxes
- Roth IRAs offer a bit more flexibility than traditional IRAs do. You may withdraw your contributions to a Roth IRA penalty-free at any time for any reason.