Roth IRA Definition

A modified individual retirement account in which a person can set aside after-tax income up to a specified amount each year. Earnings on the account are tax-free, and tax-free withdrawals may be made after age 5912 .
American Heritage

A special form of individual retirement account, in which contributions are not tax deductible when made, but that compensates by making the gains distributable tax free upon the owner’s reaching age 70sup>1/sup>⁄2. See also individual retirement account and Keogh Plan.

Webster's New World Law

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


Origin of Roth IRA

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

    From Wiktionary

  • After William Victor Roth , Jr. (1921–2003), US congressman

    From American Heritage Dictionary of the English Language, 5th Edition

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Roth IRA