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.
(In a simplified example, if you earn $50,000 and contribute $5,000, your taxable income drops to $45,000.) With a Roth IRA, you contribute post-tax dollars, so your immediate taxes are unchanged. The money grows untaxed in your account until withdrawn in your retirement years. At that point, if you've followed the rules, it's withdrawn tax-free. That can be a big deal if you've saved a lot of money and have invested it effectively.