Why should I put money in an IRA?
March 4, 2014 4:37 PM Subscribe
Why should I put money in an IRA, as opposed to just investing it normally?
posted by Two Stranger to Work & Money (13 answers total) 1 user marked this as a favorite
I have a Roth IRA with Vanguard, but I find myself wondering more and more what I really gain from putting money there when I could put that money in the same index fund without the various restrictions that come with a retirement account. I know that the benefit of a Roth IRA in particular is that the disbursement will be tax-free, but I'm wondering if it makes sense in my case to keep on socking money in there given that:
1. I intend to leave the US at some point in the near- to mid-future, very possibly permanently;
2. I'm extremely pessimistic about the continued stability of US government and financial institutions;
3. I would value the flexibility of being able to do what I want with my funds.
I'm not really looking to argue those premises, but rather given those premises what my best course of action is. If there are advantages to an IRA that I'm not accounting for I'd be glad to hear them. Thanks!