What is a designated Roth account?

Answer Roth accounts are retirement accounts that provide slightly different tax benefits than traditional retirement accounts. Roth 401k and Roth 403b retirement accounts are only offered by employers, w... Read More »

Top Q&A For: What is a designated Roth account

Why are Carriers designated CV not C Destroyers designated DD not just D and why are submarines designated SS not just S?

The reason that Destroyers are not just classified with a single "D" and Submarines with just an "S" is that there are different classes of each. It is the hull designation that denotes the vessel'... Read More »

What is an IRA Roth account?

An IRA Roth account is a retirement account which individuals can contribute to with income that has already been taxed. You can withdraw money from your IRA once you turn 59 1/2 or earlier if you ... Read More »

How to Fund a Roth Account?

Congress passed the Tax Payers Relief Act in 1997. With it, the Roth IRA emerged as a tax-free supplemental retirement account structure. While the Roth IRA follows all rules and regulations of tra... Read More »

Roth Account Information?

Roth accounts are retirement instruments that allow contributions to be made with after-tax dollars. They offer an alternative to the pretax savings of traditional retirement accounts. Roth account... Read More »