A Roth IRA is for retirement savings, while savings accounts keep money accessible for short-term goals. Here’s how savings accounts vs. Roth IRAs compare.

Accessibility of funds in a Roth IRA is greater than a 401(k) or a traditional IRA but less than a savings account. With savings accounts, you can access funds at any time.

So, for some people, the Roth IRA vs. 529 plan debate is irrelevant because you can’t even put money in a Roth IRA if your income is too high. You Need to Catch Up on College Savings ...

Here, we'll compare the two and help you determine which one best meets your needs. The best features of a Roth IRA Each ...

The rollovers can only begin if the money has been in a 529 for at least 15 years. The amount is also subject to annual Roth IRA limits. The contribution limit for 2023 is set at $6,500, with an ...

How to Move Roth TSP Funds into a Roth IRA . You’ll first need to decide how you want to move money to a Roth IRA. There are two main methods.

The other factor to consider for FIRE investors is that money originally invested in regular retirement accounts—traditional IRAs, and 401(k) or 403(b) plans—can be moved into a Roth IRA.

Roth IRAs have their benefits -- but also a big drawback. So I'd encourage you to look at other savings plans instead. I Used to Think a Roth IRA Was the Best Retirement Savings Plan.

In the 529 vs. Roth IRA contest, the Roth IRA often wins. But there are situations where a 529 plan makes more sense, and financial aid is an important consideration.