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What is the Roth IRA?

April 26, 2017roth ira

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What is the Roth IRA?

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A Roth IRA is a type of IRA that has the potential for tax-free earning and withdrawals but does not have the potential for tax-deductible contributions.

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The Roth IRA is an individual retirement account created by the Taxpayer Relief Act of 1997. Named for former Senate Finance Committee Chairman William Roth, Jr., this IRA offers more incentives to boost your retirement savings, as well as more ways to use your nest egg.