|
What Are the Tax Advantages of a Roth IRA?
IRA rules became a little trickier when the Roth IRA was introduced, and keeping straight the differences between the traditional IRA and the Roth IRA can be challenging. Roth IRA contributions are not tax deductible, unlike contributions to its counterpart, the traditional IRA. This means your contributions are made with after-tax dollars and you receive no income tax break for Roth IRA deposits.
Missed a week? Peruse past editions.
More about Jeff Fleming
Please read our disclaimer.
|
