Are you satisfied with the current setup of your retirement account? Would you like to increase the ROI you get from your current retirement vehicle? Find out what the advantages of a Roth IRA are and see if there is anything you can do to increase the returns you are currently earning.

Advantages of a Roth IRA:

1. Money withdrawn from your account at retirement is generally not taxable. This is only if you are over the age of 59½ and have had the account for at least 5 years.

2. Once you deposit money into the account (which comes from after-tax income), you never pay taxes again. This leaves you with more of your money when you withdraw.

3. Another advantage of a Roth IRA is that you have much more flexibility. A Roth IRA can contain stocks and bonds of the account holder’s choice, a wide range of mutual fund options, and many other alternative investments, such as real estate. You can even use a Roth IRA (depending on how you set it up) to invest in outlier assets or self-directed IRAs, which can provide even more investment options.

4. There are far fewer restrictions and requirements that come with the withdrawal process. For example, you can withdraw any direct contribution you’ve made to your Roth IRA at any time with no additional tax or penalty incurred.

5. Yet another advantage of a Roth IRA is that you can still make contributions to a Roth IRA even if you have another retirement plan, such as a 401k. In this way, you can benefit from multiple retirement accounts.

6. If you roll over funds from a Traditional IRA to a Roth IRA, you have the option to withdraw the full converted amount if the preparation period (generally 5 years) has passed since the conversion.

7. Here’s another advantage of a Roth IRA: Contributions can be made after you turn 70½ (unlike traditional IRAs). If you want to continue to grow your account, nothing will stop you!

8. You don’t have to be actively involved in an employer’s retirement plan to have a Roth IRA. Please note that you must meet income requirements to contribute.

9. Minimum distribution rules don’t apply, which is a great advantage of a Roth IRA. This means that you are never required to start receiving distributions at any age. If you can make do with your current income, then you can keep those retirement savings safe and grow tax-free.

10. You can roll over almost any type of retirement account into a Roth IRA. In this way, you can benefit from all these advantages and expand your investment options.

BONUS TIP: Many people don’t know one of the best ways to exploit their retirement earnings. I’m talking about investing in real estate. Real estate prices are pretty low right now, which means it’s a good time to invest in real estate. You can leverage your IRA (if self-directed) to invest in real estate using a turnkey system that takes care of the entire process for you! Then you can use it as a rental property or quickly “trade in” it for a profit.