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 Move a Roth IRA Account?

Roth IRAs are retirement accounts that individuals can establish on their own rather than through their employer. Contributions to the IRA are made with after-tax dollars, which allows people to ta... Read More »

How to Calculate the Value of a Roth IRA Account?

A Roth IRA is a retirement savings plan where contributions to the plan are not tax free, but earnings and distributions from the plan are tax free. A Roth IRA works similar to an annuity, so to fi... Read More »