Roth IRA

Definition
A new type of IRA, established in the Taxpayer Relief Act of 1997, which allows taxpayers, subject to certain income limits, to save for retirement while allowing the savings to grow tax-free. Taxes are paid on contributions, but withdrawals, subject to certain rules, are not taxed at all.




Roth IRA is ...
... part of the
Retirement and Taxes subjects.


Related Terms

spousal IRA -  More
recharacterization -  More
AGI -  More
Roth 401(k), deferral of taxes
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