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Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won’t have to pay them when you take the money out in retirement. Why might she be right?

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jayilych4real

Jenny might be right if the taxes are expected to rise.

What is the Internal Revenue Service?

This refers to the United States federal agency that is tasked with the collection of taxes and implementation of federal tax laws.

Hence, we can see that based on the advice by Jenny about the use of Roth IRA because of its best tax advantages where she can pay taxes now and won’t have to pay them when you take the money out in retirement, this is good advice, only if the taxes are expected to rise.

Read more about taxes here:

https://brainly.com/question/26316390

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