Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- 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 59 1/2 .
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun A particular kind of
IRA (individual retirement account ), used for itstax -relatedbenefits .
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Unlike many cases of buyer's remorse, however, in this situation the IRS graciously allows for a do-over, called a Roth IRA "recharacterization."
Jason Alderman: How to Undo a Roth IRA Conversion Jason Alderman 2012
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If you want a do-over, call your Roth IRA custodian soon, and keep track of the paperwork.
Roth Regrets? Still Time to Change Andrea Coombes 2011
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Additionally, since the Roth IRA is a qualified retirement plan, it is not counted when applying for college financial aid, as long as no distributions are taken while the student is in school.
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Additionally, since the Roth IRA is a qualified retirement plan, it is not counted when applying for college financial aid, as long as no distributions are taken while the student is in school.
Gifts For Young Investors Jean Folger 2010
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Additionally, since the Roth IRA is a qualified retirement plan, it is not counted when applying for college financial aid, as long as no distributions are taken while the student is in school.
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Moving assets from a traditional individual retirement account to a Roth IRA is a way to take advantage of the stock market's dive.
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Is it still smart to contribute to a Roth IRA, which is separate from my work funded retirement plan?
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Everyone I know is telling me that a Roth IRA is a better deal than a traditional IRA, but I'm having second thoughts.
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Now since your income is likely going to increase over your working life, getting a Roth IRA is a better idea than a traditional one.
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A Roth IRA is a special kind of savings account that you can open for retirement that is my all time favorite.
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