Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • 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 .

from Wiktionary, Creative Commons Attribution/Share-Alike License

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

Etymologies

After William Victor Roth, Jr. (1921-2003), U.S. congressman.
(American Heritage® Dictionary of the English Language, Fourth Edition)
After William V. Roth Jr., who pushed for legislation that would allow for such IRAs; and IRA, initialism of individual retirement account. (Wiktionary)

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