Lots of people have heard of a ROTH IRA. Did you know contributions normally come out first? Let’s look at a hypothetical situation of investing $5,000 and the Roth IRA account grows to $7,000 and the person takes out $6,000. The first $5,000 comes out tax free, but the other $1,000 would be taxed and possibly penalized before age 59 ½. This is a potential advantage to the Roth IRA versus almost all other retirement accounts! Let us help you navigate the ROTH IRA waters.