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Are Roth IRAs really that good?

Started by mike_imm, October 27, 2020, 01:16:19 PM

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Let's talk Roth IRAs. Every personal finance influencer in the world talks about how awesome Roth IRAs are, but are they really that great? I understand that earnings in a Roth IRA are not taxed if they are withdrew after age 59. But should I really be saving money for when I am 60 years old? In a sense, I feel like I would rather spend that money while I am young and can be more adventurous.

I am not completely out on Roth IRAs, I just think they are over-hyped.

What do you think? I would love to be convinced otherwise.