"Maximizing Retirement Savings: The Benefits of Roth IRAs"

Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, recommends Roth IRA for young adults who want to invest but can't envision retirement. Contributions to Roth IRA are made after-tax, allowing investors to access the money they contributed without penalty, no matter their age. Roth IRA also serves as an emergency fund. Contributions up to $6,500 can be made this year, and there are income caps for making the full contribution. Roth IRAs do not come with required minimum distributions and allow tax-free withdrawals.