Author:
Source
There’s a reason so many retirement savers are big fans of the Roth IRA. These accounts offer the benefit of tax-free gains on investments in your retirement plan. They also offer tax-free withdrawals during retirement.
That’s a big deal because many seniors find that money is tighter later in life. Not having to lose a chunk of your income to the IRS is, therefore, a helpful thing.
Furthermore, if you don’t want to take withdrawals from your Roth IRA, you don’t have to. Roth IRAs are the only tax-advantaged retirement savings plans not to impose required minimum distributions. That allows you the option to leave some of your nest egg behind to your heirs if that’s a route you wish to take.