The key to investing is long-term growth, so what could be better than opening a Roth IRA account for your retirement?

Read Wikipedia’s comprehensive guide on the complete benefits of the Roth IRA account. Wikipedia walks you through the steps on how to open a Roth IRA account. In fact, the Roth IRA may be your ticket to retiring rich .

Roth IRA accounts are wealth building  tools that grow your earnings tax-free. Many financial institutions offer Roth IRA accounts to their customers. After searching Google for Roth IRA, I came across tons of banks/credit unions/brokers that offer Roth IRAs.

Haven’t opened yours yet? Well, you no longer have an excuse. Everything you need is right here.

2014 Roth IRA Rules & Benefits

• Contributions can be withdrawn anytime without taxes or penalties.
• Distributions, interest, and dividends are tax-free if you are at least 59 ½ and the account has been established for longer than five years.

• You can contribute after age 70 ½ as long as you have earned income.
• No required minimum distribution (RMD) during your lifetime.
• Tax-free distributions can be passed to your beneficiaries.
• There are no deductible Roth IRA contributions.
• If you change your mind, you can undo or recharacterize your IRA using a Roth IRA recharacterization .

You should consider a Roth IRA if:

• You want tax-free earnings.
• You are already saving for retirement with an employer-sponsored plan.
• Your income does not exceed $181,000 for married taxpayers filing jointly or $114,000 for single taxpayers
• You want to invest for retirement but may need to access your savings.

Best Roth IRA Providers 2014

Opening your Roth individual retirement account is simple. Just make sure you select the best Roth IRA brokerage while comparing maintenance fees, rates. and account minimums.

Below, you will find a chart with the best Roth IRA banks listed. Each bank/broker provides different benefits that include price, ease of use, accessibility, customer service, etc. We put together this list of best Roth IRA companies for your convenience.

Compare the best no fee IRAs and fee requirement IRAs in the business. Our personal favorite is TradeKing