<human>:  What are the benefits of a Roth IRA?
<bot>: The primary benefit of a Roth IRA is the potential for tax-free growth. Contributions to a Roth IRA are made with after-tax dollars, so all of the growth potential from the account is not subject to taxes as long as it remains in the account. With a traditional IRA, any withdrawals come with taxes at the prevailing rate. 2 Another major benefit of a Roth IRA is the ability to withdraw contributions at any time, without incurring any taxes or penalties. This can be an attractive proposition for younger individuals who might need access to their funds in the short term and cannot afford to take a penalty for early withdrawals. 3 Lastly, Roth IRAs offer greater flexibility when it comes to withdrawals in retirement. With a Roth, individuals can withdraw up to the amount they have contributed without being subject to taxes or penalties. This allows individuals to have greater control over their tax burden in retirement.