In this chapter, we learned about roth IRA's. A roth IRA is a retirement account that anyone can own. With roth IRA's, the taxes are taken out as you put the money in so when you withdraw it, you don't have to pay any taxes.
Roth IRA is a good choice if you'll have high income in the future when you need to withdraw the funds. The contributions of Roth IRA are not tax deductible. However, when you withdraw them, they are tax-free.