A look at Wednesday's action. about 11 hours ago | David Schoenfield | ESPN.com. Stanton crushes 448-foot shot off King Felix Giancarlo Stanton wins this matchup with Felix Hernandez in style going deep with a 448-foot solo homer. about 18 hours ago.
Tax-Free Growth with the Roth IRA. One of the reasons that the Roth IRA is such a great retirement savings tool is that your money grows tax-free. When you contribute money to your Roth IRA, it goes into investments of your choosing, and you arenât taxed on your earnings.
Just as with your traditional 401k, you contribute pretax dollars to a traditional IRA (as I discuss further, you can only contribute pretax dollars up to certain income levels) and then benefit from tax-deferred growth and distributions.ontributions to a Roth are never deductible. For instance, if you are covered by a retirement plan at work: 1  You can deduct up to the contribution limit, if youâre single and your modified AGI is $60,000. 2  And you can take a partial deduction if your income is between $60,000 and $70,000.