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Is a Roth IRA a good deal?

Answered by: 

Question: 
Why would anyone purchase a Roth?
Answer: 

Tax free on income is always a good deal. There are many uses for the Roth besides traditional retirement planning. It is a way to pass assets to beneficiaries so the beneficiary has taxes paid when the owner dies. It is also a good emergency fund since the principal can always be withdrawn without tax repercussions.

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First published on 12/27/2020

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