A Roth IRA gives you tax-free growth and withdrawals in retirement. Take money out too soon, however, and you'll face income taxes plus a 10% tax penalty.

Both accounts provide benefits, but your future financial situation plays a big role in determining which makes sense for you.

Savings on taxes is the biggest reason to add Roth IRAs to your retirement portfolio, and it’s never too late (or too early) to do so. That’s the thinking of CPA Larry Pon, founder of Pon & Associates ...

If you have a self-directed IRA or 401(k) and want to convert it into a Roth IRA, you may be concerned about your options and taxes. These retirement accounts are taxed in different ways, and you’ll ...

The IRA is a cornerstone for many, allowing you to build a nest egg with investments that fit your risk profile. You pick the financial institution; you manage the investments. In other words, it’s ...

If you want to make a regular Roth IRA contribution but are disqualified because your income is too high, you can circumvent the income limit by using the backdoor contribution strategy. The backdoor ...

Roth IRAs allow your money to grow tax-free and aren't subject to required minimum distributions (RMDs). Traditional IRAs are ...

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people: ensure you have enough saved to have as financially stress-free of a ...

A traditional 401 (k) used to be the standard for retirement savings, but the Roth 401 (k) has surged in popularity in recent ...