Roth IRAs have been around since 1998, so you’ve surely heard about them. But you may not know whether or not a Roth IRA is a smart option for you. There are several reasons to consider a Roth IRA as a tax-advantaged vehicle for your retirement savings. Here are a few.

Unlike a traditional IRA, there is no tax deduction for Roth IRA contributions, but withdrawals of earnings are tax-free.