A Roth IRA is a type of individual retirement account in the United States that offers tax advantages for retirement savings.
Unlike traditional IRAs, contributions to a Roth IRA are made with after-tax dollars, which means that withdrawals in retirement are tax-free. Roth IRAs are popular for their flexibility, as they allow individuals to invest in a variety of assets like stocks, bonds, and mutual funds.
They are subject to certain income limitations, and there are rules regarding contribution limits and withdrawal restrictions. Roth IRAs are often used by individuals seeking tax-free retirement income and greater control over their investments.