Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
A Self-Directed Roth IRA will allow you even greater tax savings benefits. A Roth IRA is tax-deferred while growing, and tax-free upon distribution (a traditional IRA is taxed at the time of distribution). Also, a Roth IRA has no minimum distribution. It is up to you (after 59½), when and how to take a distribution. The Roth IRA may also be passed on to heirs without taxation.
