In fact, I suggest adjusting your payroll tax withholdings so that you’re making the most of your income throughout the year.
- There are no required minimum distributions (RMDs) with Roth IRAs in retirement, so it’s a great tool to pass down wealth to your kids and grandkids
- Roth IRAs offer flexibility. You can make qualified withdrawals
- You must have earned income in order to contribute to a Roth