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Community: Investing Wiki

Term Of The Hour

roth ira withdrawals: Original post by Deborah Barlowe of Demand Media Introduced in 1998, a Roth IRA is a retirement savings account designed to allow an investor to withdraw his savings on a tax-free basis after he turns 59 1/2. As of the time of publication, the Internal Revenue Service allows a person under 50 to contribute up to $5,000 of his after-tax earned income to a Roth IRA while individuals aged 50 or above…

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