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A New Way to Save

Roth IRA lifts income limit on those looking to transfer from other IRAs.

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This story appears in the January 2010 issue of Entrepreneur. Subscribe »

Beginning in January, new tax provisions give high-income earners an opportunity to transfer from a traditional IRA into a .

Although a traditional IRA allows you to deposit money tax-free, to be taxed when you withdraw it at retirement, a Roth IRA works in reverse: Money is taxed on deposit, but you don't pay tax on it, or any of your investment gains, when you withdraw the funds at retirement.

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