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 When did Roth IRAs first become available?

Answer Roth IRAs were enacted into law by the Taxpayer Relief Act of 1997. Roth IRAs use after-tax contributions, meaning you cannot take a tax deduction for that amount you contribute, but you are allowe... Read More »
http://www.answerbag.com/q_view/1898611

Top Q&A For: When did Roth IRAs first become available

When were roth iras first initiated?

Roth IRAs (initially called the "American Dream Savings Account") were signed into law on August 15, 1997, as part of the Taxpayer Relief Act of 1997. They became effective for the 1998 tax year.So... Read More »
http://www.answerbag.com/q_view/1908395

How to Roll Over Traditional IRAs to Roth IRAs & Change Brokers?

Traditional individual retirement accounts are tax-deferred savings vehicles helping investors save money to supplement retirement income. The money put into traditional IRAs is pretax money and ad... Read More »
http://www.ehow.com/how_7352385_roll-roth-iras-change-brokers.html

What year did the government allow regular IRAs to roll over to Roth IRAs?

Roth IRAs were formally legislated as a result of the Taxpayer Relief Act of 1997. This legislation permitted new Roth IRAs to be created for tax year 1998 as well as the "conversion" of traditiona... Read More »
http://www.answerbag.com/q_view/2092066

What year did Westart start to allow regular IRAs to roll over to Roth IRAs?

The year traditional IRAs were first allowed to covert into Roth IRAs was 1998. This was established by the Tax Payer Act of 1997 that became effective on January 1, 1998.Source:Congressional Budge... Read More »
http://www.answerbag.com/q_view/2128716


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