Roth
Roth is a great way to have a Tax Free retirement if you qualify.
You can contribute up to $5500 a year or $458 a month until age 50.
After age 50 you can contribute up to $6500 a year or $541 a month as a catch up.
Besides retirement Roth’s also have other tax advantages.
Money from your Roth can be used to
- Buy your first home
- Use the money for education for your kids or yourself.
You pay no early withdraw penalty from the IRS.