What does Roth stand for in Roth IRA?

Answer A Roth IRA is an individual retirement account that was created through the Taxpayer Relief Act of 1997. It is named for its chief legislative sponsor, the late U.S. Senator William Roth of Delawar... Read More »

Top Q&A For: What does Roth stand for in Roth IRA

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »

Does the Roth phase-out affect the Roth?

The Roth Phase-Out affects your ability to continue contributing to a Roth IRA if your income is above a certain threshold. This phase-out only affects new contributions and does not affect Roth IR... Read More »

Can I have a Roth IRA& a Roth 401(k) at the same time?

The Internal Revenue Service does not prevent people from having both a Roth 401(k) plan and a Roth IRA at the same time. A Roth 401(k) plan must be through your employer while a Roth IRA must be s... Read More »

Can one have a Roth IRA& 401(k)?

An individual can invest in both a Roth IRA and a 401(k) plan. The maximum contribution for an individual 50 years of age and younger for a 401(k) and Roth IRA plan is $16,500 and $5,000, respectiv... Read More »