What Is Roth IRA?
From the SB Advisors Academy money glossary · Free, no signup
A retirement account funded with after-tax money where your investments grow tax-free and qualified withdrawals in retirement are completely tax-free.
A worked example
You contribute $7,000 to a Roth IRA this year. That money grows for 30 years and you withdraw it in retirement paying zero taxes on the gains.
Category
Part of the "Taxes" group in the money glossary.