Reap the Rewards of a Roth IRA

It’s never too late to start funding a Roth to lock in tax-free retirement income.

A basket of golden eggs
(Image credit: (c) Monkey Business Images Ltd)

There’s no such thing as a free lunch, or so the well-worn axiom goes. But when it comes to retirement-savings strategies, a Roth IRA comes pretty darn close. As long as you follow the rules, a Roth will provide a tax-free source of income when you retire. If you don’t need the money, you can leave it to your heirs, and they won’t have to pay taxes on the money, either. And it’s never too early—or late—to invest in one.

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.