<prompt> Human: Ive done some research but I still cant seem to find a clear answer. So lets say I set up a Roth IRA when Im young and let the money grow until Im retired. If I take out the money when Im retired, am I taxed at the tax bracket I retired at or am I taxed at a lower bracket because Im retired and not currently working to have a steady income? Just couldnt seem to find a clear answer. Also, can you open up a Roth IRA if youre still claimed as a dependent by your parents?  <response>: Youre not taxed at all when you take the money out during retirement. Thats the whole point of a Roth IRA. You put in money thats already been taxed, it doesnt get taxed again.Also, can you open up a Roth IRA if youre still claimed as a dependent by your parents?Yes, as long as you have earned income. 