Roth Ira
/ˈrɒθ ˌaɪˈɑːr.eɪ/
Definitions
- (n.) A type of individual retirement account allowing tax-free growth and tax-free withdrawals if certain conditions are met, funded with after-tax dollars.
She contributed to her Roth IRA to benefit from tax-free withdrawals in retirement.
Forms
- roth ira
Related terms
See also
Commentary
Use 'Roth IRA' to distinguish from traditional IRAs as tax treatment and qualification requirements differ.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.