roth ira

English - English

Definition of roth ira in English English dictionary

A particular kind of IRA (individual retirement account), used for its tax-related benefits

trust fund into which individuals can deposit a annually limited amount of post-tax income for withdrawal after retirement

Hyphenation

roth IRA

Turkish pronunciation

rôth ayrı

Pronunciation

/ˈrôᴛʜ ˈīrə/ /ˈrɔːθ ˈaɪrə/

Etymology

() After William V. Roth Jr., who pushed for legislation that would allow for such IRAs; and IRA, initialism of individual retirement account.