Definition of Roth IRA in English:

Roth IRA

Syllabification: Roth IRA
Pronunciation: /rôTH, räTH/

Entry from US English dictionary

noun

  • An individual retirement account allowing a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free.

Origin

created in 1997 and named for Senator William Victor Roth II (1921–2003) of Delaware, who proposed this in Congress.

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