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Community: Investing Wiki

Term Of The Hour

Roth custodian reporting: Original post by Ciaran John of Demand Media Under federal tax laws, your Roth individual retirement arrangement (IRA) contributions are held by a third party, such as a bank or investment company. The third party acts as the trustee, which means that you can only add or subtract money from the account by contacting the custodian. The Internal Revenue Service (IRS) requires Roth custodians to…

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