What are the disadvantages of a Roth IRA?
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What are the advantages of a Roth IRA?
In fact, it could be considered an accomplishment because, all these years later, the benefits of the Roth continue to serve consumers well. Below are five of the most notable advantages the Roth IRA offers over other retirement accounts. 1. Tax-free retirement income
What is the difference between a traditional and Roth IRA?
Both traditional and Roth IRAs have the same contribution deadline. You are allowed to contribute to your IRA during the entire calendar year and up to April 15 of the following year. 2 While the pros of IRAs generally outweigh the cons, there are a few drawbacks to be aware of. IRAs have strict contribution limitations.