We all dream of relaxing during retirement. However, many people underestimate how much money they’ll need when they retire. Living on a fixed income can be a tricky adjustment, especially in terms of budgeting. Having the right financial plan helps ensure that you can enjoy each day of your golden years. That way, you can devote your time to tasks you enjoy, like cooking, baking, or seeing your grandchildren, rather than fretting over money.
Roth IRA accounts are versatile tax-advantaged retirement account financial products that are funded out of pocket by you with your post-tax income.
Due to the fact that you fund Roth IRA retirement accounts with money you have already paid tax on, the future capital gains from your investments grow tax-free if you withdraw from the account after age 59 1/2.