Roth Individual retirement account (Roth IRA)
The Roth Individual retirement account (Roth IRA) is a tax-advantaged account used to save for retirement. You can only contribute after-tax dollars to a Roth IRA; however, you can withdraw them tax and penalty-free after age 59½ and once the account has been open for five years.
You only pay taxes on the money you put into a Roth IRA, but all the withdrawals you make are tax-free during retirement.
Discover more terms
Dependent
Supply and Demand
What is a certificate of deposit (CD)?
What is an emerging market?
What is collateral?
What is commission?
