Individual Retirement Accounts were created by Congress to allow individual people to save for retirement. Contributions to a Roth IRA are made with after-tax funds, which means that, unlike a traditional IRA, withdrawals from a Roth IRA are usually tax-free. The assets grow tax-free until retirement as well. You can learn more about the difference between traditional and Roth IRAs in this article.
For information on how to add a Roth IRA to your Ellevest account, click here.