Roth IRAs are so flexible and full of tax advantages that they have become a popular savings method among a massive number of IRA investors. These accounts help investors avoid taxes and live a tax-free life after retirement.

A global association of funds regulation, the "Investment Company Institute," shared a data report stating that one-third of IRA investors use a Roth account. For a wealthy and easy retirement, it's better to invest as early as possible. But the query is that what is Roth IRA? This app will cover this question and provide information about how a Roth IRA works, how to open a Roth IRA, its benefits, and the best Roth IRAs.

Let's look into the basics of Roth IRA.