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.
For example, if you have three IRAs with a total balance of $100,000, and you've made $10,000 of nondeductible contributions, even if all the nondeductible contributions were in one IRA, only 10% ($10,000 from a total of $100,000) would not be taxed at the time of any conversion or distribution. Roth IRA is an individual retirement account to which you contribute after-tax dollars. Contributions and earnings can grow tax-free, and you can withdraw them tax-free after age 59Â½. Depending on your situation, a Roth IRA can be more flexible than a 401(k) or Traditional IRA.