Question: Question 5 ( 5 points ) What advantage does the Roth IRA have over the traditional IRA? With a Roth you take care of taxes
Question points
What advantage does the Roth IRA have over the traditional IRA?
With a Roth you take care of taxes ahead of time and end up with more money
to spend at retirement.
Unlike the traditional IRA, with a Roth you don't pay taxes while your money is in
the IRA.
Early withdrawals from a Roth are subject to penalties, so you won't be tempted
to dip into your investment.
Contributions to a Roth IRA are tax deductible.
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