Roth Individual Retirement Accounts - definition of Roth Individual Retirement Accounts by The Free Dictionary
Roth IRA (redirected from Roth Individual Retirement Accounts)
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Roth IRA (ī′är-ā′)
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), US congressman.]
an individual retirement account in which investments are made with taxable dollars, but withdrawals are tax-free after age 59 1/2.
[1997; after William V. Roth, Jr., senator from Delaware]
References in periodicals archive
I coached them to take advantage of employer-sponsored retirement plans as well as Roth individual retirement accounts
AAA offers a range of financial products and services to assist consumers including money market accounts, certificates of deposit, traditional and Roth Individual Retirement Accounts
, and AAA credit cards.
Starting in 2010, taxpayers will be able to make rollovers from non-Roth retirement accounts to Roth individual retirement accounts
(IRAs) without regard to the current $100,000 modified adjusted gross income (AGI) limit and (in 2010 only) will be able to benefit from a special two-year averaging provision (the taxable portion of the rollover is taxed in 2011 and 2012).
Customers can commit to reaching their retirement goals by contributing to Traditional or Roth Individual Retirement Accounts
, two of the most effective investment vehicles for building a nest egg.