Roth IRAs allow you to invest after-tax dollars, let the investment grow tax-deferred, and take qualifying withdrawals tax-free. Roth IRAs have no age limit on those making contributions. It may feel like tax evasion, but we assure you, a Roth IRA is a perfectly legal way to save for retirement. That doesn’t mean that it can’t feel like you’re living on-the-edge. Live dangerously and start your Roth IRA today.
There is increased “portability” between retirement plans, allowing movement of money between Qualified Retirement Plans and Individual Retirement Accounts. Money can be moved from a Traditional IRA to a Roth IRA.
Unlike Traditional IRAs, there is no required minimum distribution at age 72½. Your earnings can continue to grow until you need them.