10 Roth IRA Basics You Need to Know

The Roth IRA is a powerful tool in your retirement savings arsenal, but it can be easily misunderstood. This tax-advantaged account works differently than your standard 401(k) or traditional IRA, and that has pros and cons. Fortunately, it's easy to maximize the pros and minimize the cons when you understand a few Roth IRA basics.

Here are the 10 characteristics of a Roth IRA you need to know as you work toward financial independence.

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