Why You Need a Roth IRA

One of the smartest money moves a young person can make is to invest in a Roth IRA — and setting one up is easy.

Follow the rules and any money you put into one of these retirement-savings accounts grows absolutely tax free: You won’t owe Uncle Sam a dime as you let your savings accumulate, or when you cash out in retirement. Plus, an IRA is more flexible than a 401(k) and other retirement plans because you can invest it in almost whatever you want, from stocks and mutual funds to bonds and real estate.

via Why You Need a Roth IRA – Kiplinger.