Roth IRAs are one of a variety of types of individual retirement arrangements that are regulated by the IRS and are designed to help individuals save for retirement. The unique aspect of a Roth IRA is that the money you put into the account has already been taxed. This means that you do not have to pay taxes on your contributions when you start withdrawing your funds at age 59 ½. In addition, the money earned in the account on top of your contributions is tax exempt as long as you withdraw it in accordance to the IRA contribution rules as defined by the IRS. … [Read more...]