In this edition of our Motley Fool Conversations series, Fool personal finance expert Dayana Yochim and retirement planning analyst Dan Caplinger discuss the ins and outs of Roth IRAs. Roths don't give you the same up-front tax deductions that traditional IRAs do, but in return, you never have to pay taxes on your Roth IRA money -- even when you take it out of the Roth during retirement.
Dan and Dayana go through the decision-making process in figuring out whether a Roth IRA makes sense for your financial situation. In addition, Dan makes some specific recommendations for stocks and other investments that work especially well in a Roth IRA, with a particular focus on stocks that are poised to provide maximum growth over the long run to take full advantage of the Roth's tax-free benefits.
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The article Tax-Free Forevermore: The Roth IRA originally appeared on Fool.com.
Fool contributor Dan Caplingerand personal finance expert Dayana Yochim have no position in any stocks mentioned. The Motley Fool owns shares of Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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