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This might be a good idea if you havent reached your contribution limit and want tobolster your nest egg.
Roth IRAs are a good retirement savings option if youhave some extra cash flowbecause your contributions grow tax-free.
Unlike a traditional IRA, a Roth IRA lets you contribute money youve already paid taxes on.
When you make withdrawals after age 59 12,you wont owe any income taxeson those withdrawals.
Another option for 401(k) plan participants is to do a mega backdoor Roth conversion.
Check with your plan administrator to see if this option is available.
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