How to Open a Roth IRA Learn how to open a Roth IRA, from checking eligibility to choosing investments or maximizing your retirement savings.

How does a Roth IRA work? You contribute to a Roth IRA using money that has already been taxed. Those contributions can then be invested in stocks, ETFs, bonds or more.

Dec 1, 2025 · Our deep, independent analysis of Roth IRAs cuts through the details to find and evaluate the information investors want most.

Roth IRAs for kids are a great retirement tool, because children have decades for their contributions to grow tax-free, and contributions can be withdrawn tax- and penalty-free at any time.

Opening an IRA online can be done in a few simple steps, and the process can go especially quickly once you find the right provider for your needs.

While you can have both types of IRAs, deciding whether to contribute to a traditional IRA or a Roth IRA might come down to other differences between the accounts.

There's a lot to like about Roth IRAs, including tax-free withdrawals in retirement. But the accounts do have some cons, such as no upfront tax break, and income limits for contributing.

Our deep, independent analysis of IRAs sorts through key account details to find and evaluate the information investors want when choosing an IRA account.

A Roth IRA offers many advantages. While you don’t get an immediate tax break, all your money, including investment earnings, comes out tax-free in retirement.

Roth IRA contributions depend on your annual modified adjusted gross income and filing status. Review the limits below to see if you're eligible to contribute.