what is a Stocks and shares ISO account(ROTH IRA in US) and how does it work?
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In the US, there are two types of individual retirement accounts (IRAs): traditional IRAs and Roth IRAs. In both these two retirement accounts, an individual opens the account with a financial institution who then invests the money in financial instruments to help the person save for retirement. The difference between the two is in when taxes are paid. In a traditional IRA, the money deposited in the account is pre-tax and thus taxes are withheld on the withdrawal of the money. In a Roth IRA, the money deposited in the account is post-tax and thus withdrawals are tax-free.
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