ELI5- What is a roth IRA?

Question

22F- ive been told i should think about acquiring one of these. what the heck is it? and what is it used for?

edit: how do i go about getting one?

In:

Answer 1

Simply put, it’s a retirement account. You can put money into it each year and, in theory, it will grow over time due to interest and other contributions.