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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Finance Expert Shares The Retirement Account To Diligently Contribute To For Unique Tax Breaks

Suze Orman IRA Warren Buffett CNBC
Orman's work as a financial advisor gained popularity with CNBC's The Suze Orman Show. (Credit: Suze Orman/emmys.com)

Personal finance expert and former CNBC host Suze Orman says that Americans planning for retirement should put as much money as possible into a Roth IRA account.

According to a Roth IRAs are individual retirement accounts that allow you to contribute post-tax money from your paycheck that grows tax-free. For 2024, the annual contribution limit in a Roth IRA is $7,000 for those under 50 and $8,000 for those older.

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