Although contributions to a Roth IRA are not tax-deductible, earnings grow tax-deferred, and withdrawals are tax-free if made more than five years after the Roth IRA was established and the taxpayer has reached age 59½, becomes disabled, or dies. Another big plus is that, unlike traditional IRAs, investors in a Roth IRA are not subject to the required minimum distribution rules, and workers can make contributions after age 70½ (for themselves and a spouse) if they have earned income.
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