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The pros and cons of Roth IRAs for millennial savers

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While a Roth individual retirement account can certainly help increase the size of your nest egg, it's always important to weigh the pros and cons before you invest, says Rianka Dorsainvil, a millennial certified financial planner and owner of Your Greatest Contribution.

Dorsainvil says it's important for everyone to understand all the benefits offered when investing in a Roth IRA. Dorsainvil, who works with Gen Y clients and helps navigate them through their financial lives, urges them to invest in Roth IRAs.

"A Roth IRA is a hidden gem when it comes to investing," she said. "And that's especially true for young professionals."

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