You need a Roth IRA. Bottomline. It’s such a powerful tool for investors willing to be consistent and determined to improve their future self’s finances. But what is a Roth? It’s surprisingly simple… a Roth IRA is an individual retirement account that is tax advantaged. You use what’s called after tax contributions to fund the account. Unlike the before tax money you use to fund a 401k or traditional IRA, Roth contributions are NOT tax deductible, but in exchange, any growth (capital appreciation) and earned dividends are TAX FREE! That’s right, the Roth IRA offers tax free investment earnings. That’s an amazing deal if you start taking advantage of a Roth now. The sooner you start, the longer you have to take advantage of compound interest. The longer you contribute to your Roth, the larger your tax savings.

And it’s that simple. A Roth IRA is an after tax retirement accounts that offers tax free earnings. Remember that some of the most powerful investments you can make are the ones you can describe in one sentence. For most people, simple is BETTER!

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