That is the whole point for IRA's - they grow tax free until you withdraw the funds. For Roth, after age 59 1/2 then there is never any tax but the money you contribute to the Roth was already taxes with earned. Traditional IRA's distributions are taxed at any age but you can deduct your contributions in the year made so you have more money to invest. And after age 72 you MUST take yearly distributions (RMD's) - Roth's do not have RMD's.
Which is better - Roth or Traditional? It's a trade off, but for young people a Roth usually wins out in the long term.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
