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What Does Roth IRA Mean?

April 26, 2017Education glossary invest Investing Investment mean roth ira tutorials

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What Does Roth IRA Mean?

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An individual retirement plan that bears many similarities to the traditional IRA, but contributions are not tax deductible and qualified distributions are tax free. Similar to other retirement plan accounts, non-qualified distributions from a Roth IRA may be subject to a penalty upon withdrawl.