When did the Roth IRA begin?

Answer Congress created the Roth IRA as part of the Taxpayer Relief Act of 1997. The Economic Growth and Tax Relief Reconciliation Act of 2001 made changes to the Roth IRA, including raising the limit on ... Read More »

Top Q&A For: When did the Roth IRA begin

In what year did the Roth IRA begin?

The Roth IRA was introduced in 1997 as part of that year's Taxpayer Relief Act and became available in 1998. Named after Senator William Roth of Delaware, who supported the measure in Congress, the... Read More »

What year did Roth IRAs begin?

Roth IRAs were introduced as part of the Taxpayer Relief Act of 1997. Roth IRAs offered an after-tax retirement savings plan as an alternative to the tax-deferred savings of a traditional IRA.Refer... Read More »

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 »