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	<title>New answer on: Why Should I Set Up A Roth IRA?</title>

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		<title>By: Karl Renwanz</title>

		<link>https://insurancelibrary.com/retirement-plans/why-should-i-set-up-a-roth-ira</link>

		<dc:creator>Karl Renwanz</dc:creator>

		<pubDate>Thu, 18 Sep 2014 08:02:56 +0000</pubDate>

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		<description><![CDATA[The Roth IRA is a retirement savings vehicle.  Choosing a Roth IRA over a traditional IRA gives you several clear advantages:

1) Your Roth IRA grows tax free.
2) During your retirement years you draw tax free income from your Roth IRA account.
3) Because you&#039;ve already paid taxes on your Roth IRA, it hedges against the possibility of having a tax rate increase, thus causing more taxes to be taken out of your Roth IRA income stream during retirement.  Remember, you will most likely have less write-offs when you retire.  In retirement, you will have no dependents and could have your mortgage paid off.
4) No required minimum distributions (RMDs) when you reach 70 1/2.

In retirement, you&#039;ll thank yourself for having the foresight of a tax free income stream while your neighbors face the likelihood of an increased tax bite from their save traditional IRA.]]></description>

		

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