By Sunwook Jin, CFP®, CRPC®, CMFC® The Roth IRA* (Individual Retirement Account), named after Senator William V. Roth, Jr., came into effect on January 1, 1998. A result of the Taxpayer Relief Act of 1997, the Roth IRA provides a perk which is typically not available in other form of retirement savings. If you meet … Continue reading What is a Roth IRA?
Why do so many people choose it rather than a traditional IRA? The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies. The key argument for going Roth can be summed up in a sentence: Paying taxes on retirement contributions today is better … Continue reading The Many Benefits of a Roth IRA