The Roth IRA is the growing favourite of thousands throughout the USA. The best advantage of this IRA is that unlike the other two IRA options mentioned above, withdraws from your Roth IRA after the age of 59, is almost tax free and this is something rare that needs to be taken advantage of. You pay your taxes on the front end by contributing your after tax dollars instead of paying the taxes when you don’t have the money.

Not only does the Roth IRA allow free withdraws after age 59 but before this you can take out any contributions, but not gains without any penalties. With this type of flexibility and lack of fees and penalties it is no wonder people today are seeing the error of their ways when they are investing in the traditional IRAs or even a 401K. The only disadvantage of the Roth IRA is that not everyone is eligible for one. Your income and other investments make the decision for you. Although the rate of contributions is the same for all IRAs the amount you are able to keep by saving on fees is the top with Roth IRA.

The best Roth IRA investments are the Roth itself as it is the most innovative and versatile banking retirement plan that exists today and has yet to be beat.