Roth IRA

IRA is an acronym for an Individual Retirement Account. A Roth IRA is similar to a regular IRA, but there are a few key differences. In a Roth IRA, contributions cannot be deducted on a tax return, but later distributions are tax free. The contributor can only deposit earned income into their Roth IRA.


Provided by: Mometrix Test Preparation

Last updated: 12/15/2017
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