<p>Now that I have a co-op and little money coming in I started thinking about saving some money. I have heard about Roth-IRA and savings accounts. From what I've heard from people for savings account, I'll have to give up whatever I make in interest at the end of the year when I file for taxes. On the other hand, if I get a Roth-IRA account, I can get way without paying taxes when my money grows. How true is that? Is there any other option where I can make good interest on my investment, but still won't have to give up whatever interest I accrue at the end of the year?</p>