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Roth IRA

Syllabification: (Roth IRA)
Pronunciation: /rôTH, räTH/

Entry from US Dictionary

Definition of Roth IRA

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

Roth IRA in other Oxford dictionaries

Definition of Roth IRA in the US English dictionary

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