Here’s how the Roth IRA works, what it offers and how it compares to a traditional IRA. If you already know you want a Roth IRA, it’s tremendously easy to open one and get started.

How Does an IRA Work? An IRA works by allowing you to invest your money in stocks, bonds and other assets. You will then be able to withdraw this money later in life when you retire or need it for ...

Am I eligible to open a Roth IRA? You’re eligible to open a Roth IRA if you earn income and meet the MAGI eligibility requirements. Currently, the cutoff point is $161,000 for single tax filers ...

A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a regular Roth IRA, but it’s geared toward kids and requires an adult to ...