Roth IRA
A Roth IRA is a retirement account. Once you fund the account, you still have to choose an investment, whether you buy individual stocks, an index fund, bonds, shares in a real estate investment trust, or just leave it in cash. With a Roth IRA, you're dealing with after-tax cash. The nice thing about the Roth IRA is that the cash grows tax-free forever, there are some estate-planning benefits, and you can use the cash to pay for medical bills and tuition before you turn 59 1/2. Learn more here about Roth IRAs.
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New Changes For Roth IRAs
Added March 20, 2009 by Ilyce R. GlinkA law signed in 2006 brings changes to Roth IRA law. While the amount you earn to open up a Roth IRA will not change, anyone can open a non-deductible IRA account, contribute to it and convert it to a Roth IRA in 2010. Whether you’re looking at a Roth or traditional IRA, you should never cap the amount you save for retirement.
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