5 Reasons Boomers Should Consider a Roth

In the Roth, you can individually put away $5,500 (add another $1,000 if you are over 50) per year, but you cannot deduct that amount off your income tax. None of the money will be subject to income tax. This is where you take an individual retirement account or 401(k) balance and convert that to a Roth IRA.