roth iras

Why Should Nurses Consider Roth IRAs?

Nurses often work long hours and may have fluctuating incomes. A Roth IRA can offer numerous benefits:
1. Tax-Free Withdrawals: Since contributions are made with after-tax dollars, withdrawals during retirement are generally tax-free.
2. Flexibility: Roth IRAs allow you to withdraw contributions (but not earnings) at any time without penalties or taxes, providing a financial cushion for unexpected expenses.
3. No Required Minimum Distributions (RMDs): Unlike traditional IRAs, Roth IRAs do not require you to take distributions at age 72, allowing your investments to grow tax-free for as long as you wish.

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