A Roth IRA is a valuable tool for anyone who wants to save for retirement and enjoy the potential for tax-free growth and tax-free withdrawals in retirement.
A Roth IRA is an individual retirement account (IRA) that offers tax-free growth and tax-free withdrawals in retirement.

Any earnings on your investments within a Roth IRA are tfree, and qualified withdrawals in retirement are also tax-free.
One of the biggest benefits of a Roth IRA is you can withdraw your contributions at any time without penalty, A Roth IRA offsets tax-free growth.

Because contributions are made with after-tax dollars, you are not taxed on any earnings that your investments generate within the account. This means that yfaster than it would in a traditional IRA, where you would be taxed on your earnings each year.

For the 2022 tax year, the contribution limit for a Roth IRA is $6,000 for individuals under the age of 50, and $7,000 for individuals over the age of 50.