A Roth IRA can best be described as an individual retirement account which allows a person to put aside after-tax dollars up to a certain amount that you designate each year. A Roth IRA will allow you to grow your money or investments tax-deferred. A Roth IRA offers a bit more flexibility than a regular IRA. In a Roth IRA, you are allowed to withdraw your contributions at any time for any reason without being penalized unless you're under the age of 59 ½. A Roth IRA will also let you leave your money in the account for as long as you like and you can keep putting money into your Roth IRA regardless of your age. Roth IRA investments are usually limited by your income level. The contribution limit will usually be the maximum that you can contribute to your Roth IRA account. An individual’s invested limit can be further reduced or eliminated depending on their income for the year. Roth IRA accounts were developed specifically with middle class families in mind. You can obtain a Roth IRA account at most banks or financial institutions that specialize in this type of retirement account. Opening a Roth IRA is usually a fairly simple process, with just a few forms to complete.