A Roth IRA is a type of individual retirement account that lets you save for the future using money you’ve already paid taxes on. Unlike a Traditional IRA, the contributions to a Roth IRA are not tax-deductible. However, the money in the account grows tax-free, and you can usually withdraw it in retirement without paying any taxes on the earnings, as long as certain rules are followed. This makes a Roth IRA a popular option for people who expect to be in a higher tax bracket later or who want more flexibility with tax-free withdrawals. There are income limits and annual contribution limits set by the IRS, and you must meet certain conditions before taking money out to avoid penalties.