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.
So, if your income is too high to make a Roth contribution, you can put money in an after-tax traditional IRA instead. The earnings on those contributions can grow tax-deferred, and you will pay taxes only on the investment growth -- not the contribution -- when you take a distribution.