Roth IRAs hit 20 years old on New Year’s Day
January 2, 2018 by Ryan W. Neal
The first day of 2018 will have special meaning for some retirement planners — the 20th anniversary of the Roth IRA.
The plans, which allow individuals to contribute after-tax money into an account that they can withdraw from tax-free in retirement, were first proposed by Sen. Bob Packwood of Oregon and Sen. William Roth of Delaware in 1989, but weren’t available until the Taxpayer Relief Act of 1997.
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Originally Posted at InvestmentNews on December 29, 2017 by Ryan W. Neal.
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