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Roth IRA

   Also found in: Financial, Wikipedia 0.01 sec.
Roth IRA  (är-)
n.
A modified individual retirement account in which a person can set aside after-tax income up to a specified amount each year. Earnings on the account are tax-free, and tax-free withdrawals may be made after age 59 1/2 .

[After William Victor Roth, Jr. (1921-2003), U.S. congressman.]


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Unlike with traditional IRAs, individuals are not required to take minimum distributions from a Roth IRA when they turn age 70 1/2.
This article examines the potential benefits of converting a traditional IRA (or an employer-sponsored retirement plan) to a Roth IRA and the possible ways in which a person can convert his or her traditional IRA into a Roth IRA.
quot; Don''t choose an investment strategy in which you contribute $100 per month to your Roth IRA if you have delinquent bills or no savings.
 
 
 
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