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A Roth IRA is a US retirement account funded with after-tax dollars. Investments grow tax-free, and qualified withdrawals are tax-free.
Contribution limits apply ($7,000 in 2024, $8,000 if 50+). Income limits may restrict eligibility.
Roth IRAs are ideal for those expecting higher tax rates in retirement.
Understanding roth ira helps you make better investment decisions and plan for taxes. Explore related concepts below to deepen your knowledge.
