What is a Roth IRA for kids, and how does it work?

(NewsNation) — A Roth IRA is one of the most powerful retirement accounts, and even kids can contribute to them.Savers love Roth individual retirement accounts (IRAs) because contributions and earnings grow tax-free. You'll pay after-tax dollars on the front end, but when it's time to retire (after age 59 1/2), you can withdraw your money tax-free.A custodial Roth IRA offers the same benefits as a Roth IRA except it's set up for a child, and an adult, typically a parent, manages the accoun