An IRA is an individual retirement account.

There are two types: Traditional and Roth.

With a Roth, you create the account with money you already were taxed on (from your salary, for example).

Any returns you make on the money in the account will NOT be taxed when you pull it out on retirement.

It’s best for most people to open a Roth account through a brokerage account (like Charles Schwab, Fidelity, etc).