Passing on financial wisdom # 4

I’m Miriam  Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about moneyM  There are great tools available to use for passing on financial wisdom to our children and grandchildren.  Val, thanks for prompting me and educating me on Roth IRA’s.

V Roth IRAs remain a vastly underutilized retirement savings and investment vehicle. Instead, most people tend to rely on a traditional IRA or 401(k) accounts. They may not realize that a Roth IRA can offer tax benefits, and access to funds.  They are easy to use, and the benefits are too attractive to ignore. A Roth IRA gives investors a 'pay tax now, save taxes later’ advantage, unlike 401(k)s or traditional IRAs, with a Roth you pay no taxes on distributions — including your investment growth — when you reach retirement age.

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