SkipCaptcha, Automoderated users, edit
8,856
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − An '''Roth individual retirement arrangement''' ('''Roth IRA''') is a personal savings plan which allows one to [[investment|invest]] or set aside [[money]] for [[retirement]], while offering [[deferred tax]] / [[tax]] advantages. <ref>http://www.irs.gov/taxtopics/tc451.html</ref>+ − The Roth retirement plan under US [[law]] that is generally not taxed, as long as certain conditions are met. The US tax law allows reduction in tax on a limited amount of [[saving]] for retirement. Roth IRA's main difference from the majority of tax advantaged retirement plans is that, instead of granting a [[tax break]] for money placed into the plan, the tax break is granted on the money withdrawn from the plan during retirement. − − "A Roth IRA is setup and funded by an individual; however, some employer/group plans can have Roth accounts. A Roth is unique in that it is funded with after-[[tax]] [[dollar]]s, meaning the individual does not deduct the contribution from that year’s [[income tax]]es. He or she pays income taxes on the dollars earned and then contributes to the Roth. The benefit of this account type is that the distributions at retirement age are 100% tax-free. No income tax is claimed from the distribution."<ref>http://survivalblog.com/guest-post-self-directing-your-retirement-sheltering-the-fruits-of-your-labor-by-will-lehr Accessed December 8, 2014</ref> − − Roth IRAs can be contain [[investment]]s in [[securities]], most often [[common stock]]s and [[bonds]], typically through [[mutual fund]]s. Roth IRAs also, less commonly, allow other investments, including [[real estate]], [[derivative]]s, notes, [[certificates of deposit]], and are possible). Roth IRAs also allow [[annuity|annuities]] bought from a [[life insurance]] company. − − == See Also == − *[[Self-directed IRA]] and [[IRA]], [[401(k)]], Roth IRA, [[403(b)]], [[Retirement]], [[Social security]] − *[[Stock]]s and [[Bond]]s − *[[Stock market]] − *[[Savings account]] - [[Savings]] − *[[Inflation]] versus [[Interest rate]]s / [[Rate of return]] − − '''Contrast with:''' − − *[[Gold standard]] and [[precious metal]]s − *[[Invest in tangibles]] - [[Rural]] [[farm]] [[land]], [[Tools]], [[Food storage]], [[Precious Metals]] − *[[Agriculture]]-[[Permaculture]]: [[Growing your own food]], [[Food and water storage]] − − ==Further Reading== − * {{Cite book − |last=Bledsoe |first=John D. − |title=Roth to Riches: The Ordinary to Roth IRA handbook − |year=1998 − |publisher=Legacy Press − |location=Dallas, TX − |isbn=0-9629114-1-0 − |oclc=40158081}} − * {{Cite book − |last=Daryanani |first=Gobind − |title= Roth IRA Book: An Investor's Guide: Including a Personal Interview with Senator William V. Roth, Jr. (R-De), Chairman, U.S. Senate Finance Committee − |year=1998 − |publisher=Digiqual Inc. − |location=Bernardsville, NJ − |isbn=0-9665398-1-8 − |oclc=40340829}} − * {{Cite book − |last=Merritt |first=Steve − |title=All about the New IRA, Roth, Traditional, Educational: How to Cash in on the New Tax Law Changes − |year=1998 − |publisher=Halyard Press − |location=Melbourne, FL − |isbn=1-887063-07-2 − |oclc=39363078}} − * {{Cite book − |last=Slesnick |first=Twila − |author2=Suttle, John C. − |title=IRAs, 401(k)s, & Other Retirement Plans: Taking Your Money Out − |year=2007 |edition=8th − |publisher=Nolo − |location=Berkeley, CA − |isbn=978-1-4133-0696-5 − |oclc=85162294}} − * {{Cite book − |last=Thomas|first=Kaye A. − |title=Fairmark Guide to the Roth IRA: Retirement Planning in Plain Language − |year=2004 − |publisher=[[Fairmark Press, Inc.]] − |location=Lisle, IL − |isbn=0-9674981-0-4 − |oclc=55048948}} − * {{Cite book − |last=Trock |first=Gary R. − |title= The Roth IRA Made Simple − |year=1998 − |publisher=Conquest Pub. − |location=Grifith, IN − |isbn=0-9666227-0-7 − |oclc=40641031}} − − − ==External Links== − * [http://www.irs.gov/pub/irs-pdf/p590.pdf IRS Publication 590 (IRAs)] (pdf) − * [http://www.irs.gov/publications/p590/ch02.html IRS ROTH IRA Publication 590] − * http://survivalblog.com/letter-re-self-directed-ira/ − * http://survivalblog.com/guest-post-self-directing-your-retirement-sheltering-the-fruits-of-your-labor-by-will-lehr/ − * http://survivalblog.com/letter-re-self-directed-ira-article/ − * [http://www.forbes.com/forbes/2010/0607/investing-roth-ira-conversion-fidelity-tax-rothify-401k.html Rothify Your 401(k)] Forbes.com − * {{Cite news − | url = http://www.boston.com/business/personalfinance/articles/2010/02/13/traditional_to_roth_ira_conversions_dont_be_tripped_up_by_tax_implications/ − | title = Traditional to Roth IRA conversions: Don’t be tripped up by tax implications − | author = Humberto Cruz − | newspaper = [[The Boston Globe]] − | date = February 13, 2010 − }} − − − ==References== − {{reflist|2}} − − − {{DEFAULTSORT:Roth Ira}} − − [[Category:Individual Retirement Accounts]] − [[Category:Retirement]] − [[Category:Investments]] − [[Category:Economics]] − [[Category:Real Estate]] − [[Category:Finance]] − [[Category:Real Estate]] − [[Category:Banks]] − [[Category:Finance]] − [[Category:Economics]]
change to redirect page
#REDIRECT[[Individual retirement account]]