Today's Market

updated 4 hours ago Sponsored by:
DOW 15,335.28 -19.12 -0.12%
S&P 500 1,666.29 -1.18 -0.07%
NASD 3,496.43 -2.54 -0.07%

Community: Investing Wiki

Term Of The Hour

Roth tax credit: Original post by Craig Woodman of Demand Media A Roth IRA, or individual retirement account, is an excellent savings tool for retirement. It offers tax advantages because any withdrawals made from the account after retirement age, 59 1/2 as of 2011, are tax-free. In exchange for this future tax benefit, the saver does not receive a tax deduction for Roth contributions -- unlike contributions to a…

Want to learn more or edit this definition?
Click here to read more!