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IRAs are Individual Retirement Accounts that you open on your own as long as you have earned income. Roth IRA contributions are made with after-tax dollars. The money grows tax-free, and withdrawals are tax-free in retirement. There are income limits: single filers must earn less than $161,000, and married couples filing jointly must earn less than $240,000. You must have earned income to contribute. Traditional IRA contributions use pre-tax dollars, offering immediate tax deductions. The money
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Build tax-free wealth for your retirement with a Roth IRA. When you start investing as early as possible, compound interest is on your side. 📚 All content for educational purposes only. Not financial advice. 👩‍💻 Check out shewealthofficial.com for a free 15-minute course on how to open a Roth IRA and start investing step by step. 🌱 Follow me to build financial confidence. #rothira #ira #taxfreeretirement #personalfinanceforwomen #financialliteracy
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