Here’s why a Roth retirement account is a great gift to your future self

Roth retirement accounts are funded with money you’ve already paid taxes on. While they offer no immediate tax benefit, you’ll appreciate the break you get later in life.

When I first learned about Roth IRAs and Roth 401(k) plans—the tax-advantaged retirement plans that are funded with a taxpayer’s after-tax income—I remember thinking that it must be nice to have enough income that you could afford to contribute money to your retirement without an immediate tax break.