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What if there were a way to dodge taxes on a chunk of your paycheck? Or how about an investment opportunity that will never pay a penny of taxes on the growth no matter how big it gets? Sound too good to be true? This is the amazing tax shelter of the IRA.

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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia LorenzOlson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

Two Cents is hosted by Philip Olson, CFP® and Julia LorenzOlson
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Sara Roma
Images by: Shutterstock
Music by: APM

SOURCES:

https://en.wikipedia.org/wiki/Roth_IRA
https://www.irs.gov/.../retirementpl....
https://www.investopedia.com/terms/s/...
https://www.irs.gov/retirement.../tra...
https://www.thestreet.com/.../401ka....
https://money.cnn.com/.../gallery.unu...
https://en.wikipedia.org/.../Individu....
https://dqydj.com/historyofcontribu...
https://thecollegeinvestor.com/.../ir...