Omar Komaiha: Advantages of Investing in a Roth IRA

Omar Pinacate Komaiha of Parkland is a senior at Florida State University who understands the advantages of a Roth IRA for a college students and thinks a Roth IRA is one of the best investments for young people in general and explains why below.

•         Since the contribution isn’t tax-deductible, it can be withdrawn from the account at any time, without either an income tax liability or an early withdrawal penalty.
•        The money in a Roth IRA accumulates on a tax-deferred basis. This enables a faster accumulation of investment earnings in the account.
•        A Roth IRA is a retirement account, so by starting while you are still in school, you have a big advantage when you get out and start working.

OmarPinacate Komaiha of Parkland thinks a Roth IRA is such a good investment for college students that it is worth starting one if you are thinking about investing in general.

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