Tax-sheltered savings growth for people whose income is too high for other IRAs. Contributions taxed, withdrawals tax-free. 10 percent penalty on earnings withdrawn before that unless for college or first home. Money converted from a traditional IRA must stay in the Roth account five years. No taxes on earnings, no mandatory withdrawals, no age limit on contributions.
Money grows and is withdrawn tax free.
Tax-sheltered college savings. We offer them for your additional research.