Roth retirement accounts are funded with money you’ve already paid taxes on. While they offer no immediate tax benefit, you’ll appreciate the break you get later in life.
When I first learned about Roth IRAs and Roth 401(k) plans—the tax-advantaged retirement plans that are funded with a taxpayer’s after-tax income—I remember thinking that it must be nice to have enough income that you could afford to contribute money to your retirement without an immediate tax break.
