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There are several different types of retirement savings plans to choose from, but opening aRoth IRAcan pay off.
you might withdraw your contributions at any time without penalties, providing an emergency backstop while building wealth.
He said youre also able to make penalty-free withdrawals for qualified educational expenses.
Roth IRAs provide valuable insurance againstfuture tax increases, since qualified withdrawals remain tax-free regardless of tax rate changes.
With the power of compounding returns, this tax-free investment growth can be significant over a young savers lifetime.
This means tax-free investment earnings forever, she said.
We dont often get tax-free income underthe current tax code.
The downside to RMDs is that, because they are from pre-tax accounts, they are taxable.
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