32.6k views
1 vote
Roth IRA (what is it and how does it work?/Benefits/Penalties)​

User ReBa
by
8.4k points

1 Answer

4 votes

Answer:

See Explanation

Step-by-step explanation:

Roth IRA

A personal tax-free retirement savings account is called Roth IRA, which offers that individual a tax-free withdrawal and growth for that specific savings. It also offers tax-free investment options. Unlike other funds, Roth IRA is less restrictive. However, Roth IRA cannot be a stock or assets. Some of the benefits of Roth IRA are - Lower taxes while retiring, No minimum required distributions, etc.

User Carlos Quintero
by
7.7k points