What is a Roth IRA?

A Roth IRA is a US individual retirement account you open yourself. Its defining feature: you contribute money you have already paid tax on, and in return qualified withdrawals in retirement — including all the investment growth — come out tax-free.

Pay tax now, skip it later

The core trade-off is timing. With a Roth you take the tax hit today and never pay tax on the qualified gains, which is powerful if your money has decades to compound — a small taxed contribution can grow into a large tax-free balance. This is the mirror image of a traditional IRA, which gives you the tax break now and taxes withdrawals later.

Which one wins?

It comes down to whether your tax rate will be higher now or in retirement — something no one can know for sure. A common rule of thumb: a Roth tends to favor people who expect to be in a higher tax bracket later (often younger savers early in their careers), while a traditional account favors those expecting a lower rate in retirement. It is a genuine judgment call, not a solved problem.

Frequently asked questions

What is a Roth IRA?

It is a US individual retirement account you fund with after-tax money. Qualified withdrawals in retirement, including all investment growth, come out tax-free.

Roth or traditional IRA — which is better?

It depends on whether your tax rate is higher now or in retirement, which no one can know for sure. A Roth often favors those expecting a higher future rate. This is not tax advice.

Are there limits on a Roth IRA?

Yes. US Roth IRAs have annual contribution limits, income limits that can restrict direct contributions, and rules on qualified withdrawals — all IRS-set and subject to change over time.

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Educational research only — not investment advice.