Take advantage of greater savings, regardless of when (or if) you retire.
While Roth IRA contributions are not tax deductible, unlike a Traditional IRA, they have more flexibility baked in. More people are eligible, couples can contribute more, and you can keep on saving for retirement past the age of 70 ½.
Making a first-time home purchase? If your account has been open for at least 5 years, you can even withdraw up to $10,000 from your account tax- and penalty-free to use as a down payment.
There are also no mandatory distribution requirements and you may be eligible to access your contributions without any IRS penalties. It is even possible to convert your existing 401k or traditional IRA account into a Roth IRA to take advantage of wider tax benefits.