"Expert recommends opening Roth IRA for new investors over Traditional IRA"

Experts recommend opening a Roth IRA as the first step for new investors. A Roth IRA allows investors to set aside after-tax money up to a certain limit each year, and the original contributions can be withdrawn at any time for any reason, tax- and penalty-free. The earnings on the money invested grow tax-free, and anything that comes out of a Roth will be income tax-free for life if certain conditions are met. Roth IRAs also offer the most growth acceleration on your money and can serve as a multi-purpose account. Anyone with taxable compensation can start contributing to a Roth IRA, and the advantages of Roth IRAs make it so funding it should be a first priority every year.