🏢
🌐 Entity
Roth IRA
Individual retirement account
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Personal Finance (1)
- Retirement Planning (1)
- Tax Deadlines (1)
🏷️ Keywords
IRA contribution (1) · April 15 deadline (1) · Roth IRA (1) · Modified Adjusted Gross Income (1) · tax deduction (1) · retirement savings (1) · Fidelity Investments (1) · 2025 tax year (1)
📖 Key Information
A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting an income tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free, and growth in the account is tax-free.
The Roth IRA was introduced as part of the Taxpayer Relief Act of 1997 and is named for Senator William Roth.
📰 Related News (1)
-
🇺🇸 There's a key number to know before making a last-minute IRA contribution by April 15
There's still time for a last-minute IRA contribution for 2025. But there are key things to know before making a deposit, experts say....
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Roth IRA:
-
🌐
Adjusted gross income · 1 shared articles
-
Fidelity Investments · 1 shared articles