A Roth IRA is an individual savings account in which your contributions are non-tax-deductible, earnings are tax-free, and qualified withdrawals are tax-free. This means that, although you don't receive a tax deduction now, you won't need to pay taxes on the earnings later.
The tax information contained herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed herein. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.