Roths Rock with the Young
Roths Rock with the Young
29% – The percentage of Roth IRA contributors in tax year 2016 who were under age 35, more than twice than their share of contributors to traditional IRAs (12%).
A Roth IRA is an individual retirement account that allows a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free, subject to certain conditions.
Source: IRS.gov SOI Tax Stats