Listen as Zan Pensack-Rinehart, CFP, explains the benefits of a Roth IRA. Prime situations where your money may better serve you in a Roth include but are not limited to:
1. Money that is currently in non-qualified investment accounts; that means money not yet invested in a retirement plan.
2. Extra Cash; money in savings or checking accounts.
3. Or if you do not pay any income tax or Social Security Tax.