US EditionMoney Map Tip of the Week
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Money Map Tip of the Week
Q: So why is everybody talking about Roth accounts when it comes to retirement savings? A: Roth accounts – like a Roth IRA or Roth 401(k) – have become a popular way to build retirement savings that you can withdraw tax-free later on. Here’s how it works: with a Roth, you pay taxes on the money before you contribute it. Then, that money grows tax-free – and when you retire, you can take it out without paying any taxes on it, no matter how much i…
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