What's the best kind of IRA for a 20-something?

IRAs, Starting Out
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August 2016
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All of the above answers are great. Too many individuals rely solely on taxable income during retirement. One other benefit to a Roth IRA, your contributions can be taken out at any time - without penalty. This is because they are after-tax contributions. Now, I don't recommend that my clients use this strategy often because a Roth IRA should be earmarked for retirement. But it is a nice thing to know. I've had clients that decide to retire at 50 that make it through their first few years of retirement on their Roth IRA contribution amounts until they can tap into their other asset pools. Roth IRA's are just very flexible.

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