Which retirement account does NOT require the original owner to take RMDs during their lifetime?
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Explanation
Roth IRAs are not subject to RMD rules for the original account owner, which is a major advantage. You can let your money compound tax-free indefinitely. This changed for Roth 401(k)s starting in 2024, which also no longer have RMD requirements.
Financial planning experts recommend contributing enough to your 401k to capture the full employer match, which is essentially free money for retirement.