Roth IRA Definition

īär-ā
noun
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 5912 .
American Heritage

A special form of individual retirement account, in which contributions are not tax deductible when made, but that compensates by making the gains distributable tax free upon the owner’s reaching age 70sup>1/sup>⁄2. See also individual retirement account and Keogh Plan.

Webster's New World Law

A particular kind of IRA (individual retirement account), used for its tax-related benefits.

Wiktionary

Origin of Roth IRA

  • After William V. Roth Jr., who pushed for legislation that would allow for such IRAs; and IRA, initialism of individual retirement account.

    From Wiktionary

  • After William Victor Roth , Jr. (1921–2003), US congressman

    From American Heritage Dictionary of the English Language, 5th Edition

Roth IRA Sentence Examples

  • Once that fund is completed, you can start thinking about having another savings account to fund big dreams (vacations, buying a house, etc) and/or starting a 401k or Roth IRA.

  • Instead, that money may be safer in a Roth IRA or some other money market savings account.

  • The Roth IRA serves as a personal savings plan.

  • Contributions made to a Roth IRA are not tax deductible, but the Roth IRA offers tax-free growth, so you don't owe tax when you make withdrawals.

  • If you're ending employment, the company's 401K is ready to convert to an IRA or Roth IRA.

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Words Starting With

RROROT

Words Ending With

ARAIRA

Unscrambles

Roth IRA

Words Starting With R and Ending With A

Starts With R & Ends With AStarts With RO & Ends With AStarts With R & Ends With RA

Word Length

8 Letter Words8 Letter Words Starting With R8 Letter Words Ending With A