ABSTRACT
Conversely, the Roth IRA doesn’t let you take the contribution amount off your taxes today; rather, the Roth gives you tax-free withdrawals. Roth IRAs are very attractive for younger investors. Your investment account could grow considerably, and your withdrawals, including the account’s investment growth, would be tax free. People who already have funds in a traditional IRA need to investigate what conversion costs would be (e.g., having to pay taxes today on previously tax-sheltered contributions).
