TAX-FREE RETIREMENT
While a traditional IRA lets you defer taxes for decades, you do eventually have to pay tax on the money you earn on your investments and the money you withdraw in retirement. With a Roth IRA, you don’t have to pay capital gains tax on the earnings, and you can withdraw money without paying income tax in retirement. Contributing to a Roth IRA doesn’t get you out of paying any income tax now, though.
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