Savings & Pensions

Ever since its inception 12 years ago, the Roth individual retirement account has been popular with investors who love its simplicity. Once you turn 59½, withdrawals are tax-free. But not everyone who wants a Roth can have one. You can't contribute to a Roth this year if your modified adjusted gross income exceeds $176,000 if you're married or $120,000 if you're single.