<prompt> Human: I was reading an earlier post of a user that had a Schwab brokerage account, and he was wondering about retirement. I was particularly interested because I too had a Schwab brokerage account as a result of getting the Schwab checking account.Well, another user offered a suggestion of just investing directly into a retirement target fund instead of opening a Roth IRA and going that route. I found that idea brilliant considering he was also saying that Schwabs target funds needed little money to start investing into them 1.But Im just wondering...when I hit retirement age, and I start wanting to get at that money, wont I get hit hard by capital gains tax, whereas if I used a Roth IRA, that money would be tax-sheltered well, yeah, right...because that money I put into it is after-tax?EDIT: Sorry about using managed account with a Roth IRA. As you can see, Im still learning.  <response>: A Roth IRA is not a managed account. You can open a Roth IRA with Schwab and manage it yourself. 