Savings bonds are nice because you know how much you will be profiting. There are a few requirements to the profit off of these being tax free so you may want to look into these more carefully before making your decision.

Roth IRA is a great long term savings investment. It used to just be an individual Roth IRA, but now they have a Roth 401k for your business retirement plan. Some restrictions apply to the amount invested and deductions that may be taken, so you will want to do some investigating into this tax free investment as well.

The best way to take advantage of any investment is to do as much research and gain as much knowledge about the subject as possible. Knowing where your money is going is the key to keeping and making it.

Tax free investments can be very enticing because of the fact that they are tax free, you are pretty much guaranteed profit, and you don't really have anything to lose. These investments are best for people who are not really looking for any risk and don't care about a huge profit in their investment. These types of tax free investments are mostly just to ensure money is there for when you retire. The profit made off of them is to be a bonus and a tax free bonus at that.

Most investors when searching for things to invest in look for how much profit they can make. When doing research they will take into account how much tax will be taken out of this profit. Sometimes the amount of tax taken out will still give the investor a huge amount of profit that was made, so in the long run it will have been worth it for them to invest in the normal, taxable investments.

The only problem with this is the risk involved of not making any profit. Taxed or not, zero equals zero. If there is no profit to be taxed, it will not have been worth the investment.

The biggest advantage of tax free investments is really just having a peace of mind knowing that your money is safe, not going anywhere, and making profit (even if it's only a little). For some people just knowing that they will have money when they retire and knowing exactly how much that amount is going to be is as much of an advantage of not having the money they profited taxed.

It is up to you as an individual to decide what type of investments are right for you. They all have certain advantages; it just depends on what you are looking for. Weigh out the financial differences to see if the profits being taxed will really make that much of a difference to you. Write down what your short and long term goals are for your money. Take your time and do your research and you will find what investment strategies are right for you and your family's future.