Roth IRA

Like a regular IRA, it stands for “individual retirement account.” But, unlike traditional IRAs where you are taxed only when you take your money out, Roth contributions are taxed up front but not later on. It’s a great deal if you qualify. The catch is that if you are lucky enough to make $125,000 if you’re single, or $183,000 if you’re married, it’s too much money to play the “Roth” game. (See also: IRA)

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