Noun
Roth IRA (plural Roth IRAs)
(US, finance) A particular kind of IRA (individual retirement account), used for its tax-related benefits.
A Roth IRA allows investors a great deal more control over their accounts than a Roth 401(k). Source: Internet
A Roth IRA allows all of the money in the fund to grow completely tax-free. Source: Internet
Employer and employee contributions are immediately fully vested, and money deposited into a SIMPLE IRA can be invested just like funds in a traditional or Roth IRA. Source: Internet
If you withdraw from your Roth IRA early, you’re only hit with a tax on the gains, not the money you put into the account. Source: Internet
Because they’re made with after-tax dollars, you can pull contributions out of a Roth IRA at any time. Source: Internet
Finally, the Roth IRA has a so-called account seasoning requirement of five tax years before distributions fall into the “qualified” category. Source: Internet