The Single Woman’s Investment Guide

Another great tax-saving investing strategy for single women is a Roth IRA and Roth 401(k). While you don’t get a tax deduction today for money you contribute to a Roth, money inside your Roth grows tax-free. This means you’ll never have to pay taxes on any investment earnings in your Roth, provided you abide by IRS withdrawal rules – which, incidentally, are more flexible than other retirement plans. You can withdraw your Roth contributions without penalty or tax at any age, provided the Roth is at least five years old. That’s not saying you should – the longer you keep your investments in the Roth, the more they’ll grow.