Disadvantages of IRAs One drawback of using IRAs to save for retirement is that the annual contribution limits are relatively low. Roth IRAs offer tax-free withdrawals for Future You. However, if you're struggling to save, taking a tax deduction now by contributing to a traditional IRA might be just the carrot you need to keep your retirement savings on track. There are a few things to know, mainly the positive and negative tax implications if you're considering a Roth IRA.
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