Individual retirement accounts
01.Core Concepts
A Roth IRA is another type of IRA that provides substantial tax advantages The annual contributions to a Roth IRA are not tax deductible The investment income accumulates income-tax free Qualified distributions are not taxable under certain conditions Contributions can be made after age 70½ Roth IRAs have generous income limits A traditional IRA can be converted to a Roth IRA ‹#›
