A Roth IRA is one of the most preferred IRA plan of the employed individuals, because this is believed to be the most advantageous type of IRA when it comes to paying the taxes. With a Roth IRA, the contributions are taxed right away, thus making this account more eligible to gain profits that are totally free of taxes and fees. If the Roth account holders follow the Roth IRA rules and regulations, then they will enjoy tax-free distributions as well. Thus, knowing the updated 2012 Roth IRA rules is really recommended.
The best thing about investing in an Individual Retirement Account, or IRA, is that you can get a chance to invest in a wide range of asset types, making it easier for you to diversify your retirement funds and create a better investment portfolio.
Contrary to what most of us are thinking, IRAs are actually not restricted to stocks, mutual funds, security bonds, and such.