When was the first year of the Roth IRA?

Answer The first year of the Roth IRA was 1998. The accounts were created by the previous year's Taxpayer Relief Act sponsored by Senator William Roth of Delaware. This IRA allows tax-free accumulation of... Read More »

Top Q&A For: When was the first year of the Roth IRA

How much can you contribute to a Roth IRA in one year?

Your Roth IRA contribution can be equal to the lesser of the annual contribution limit or your earned income for the year. As of 2010, the annual contribution limit equals $5,000 ($6,000 for people... Read More »

What is maximum IRA to Roth IRA per year?

There is no limit on the amount that may be converted from a traditional IRA to a Roth IRA in a year. In 2010, there are also no income restrictions as to Roth IRA eligibility, and the taxes due o... Read More »

What year was Roth IRA started?

According to the Congressional Budget Office, Roth IRAs were started by the Taxpayer Relief Act of 1997. Roth IRAs offered an alternative way to save money for retirement: after-tax contributions a... Read More »

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 »