Roth IRAs are ultra-flexible. Here’s why that’s a bad thing for your retirement.

When it comes to choosing a retirement plan, you have options. You can sign up for your employer's 401(k) and have funds deducted automatically from your earnings each pay period. Or, you can open an IRA, which is a good option if you don't have access to a 401(k).

Of course, not all IRAs are created equal, and you may be looking at opening a Roth IRA. With a Roth IRA, you won't get an immediate tax break on the contributions you make. You will, however, get to enjoy tax-free investment growth in that account, and your withdrawals will also be tax-free during retirement. That could make managing your money a lot easier as a senior. Plus, if you expect to be in a higher tax bracket in retirement than you're in now, a Roth IRA makes sense.

Maurie Backman | The Motley Fool

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