Roth IRA definition

Roth IRA. Means an individual retirement account as defined in Code Section 408A.

Roth IRA means a Roth individual retirement account or Roth

Roth IRA means an account described in Section 408A of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time;

Examples of Roth IRA in a sentence

• The same methodology applies when recharacterizing a contribution from a Roth IRA to a Traditional IRA.

• If you convert to a Roth IRA, the amount of the conversion from your Traditional IRA to your Roth IRA will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions).

• If you receive a qualified settlement payment from Exxon Valdez litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Valdez settlement income previously contributed to a Traditional or Roth IRA or eligible retirement plan in prior taxable years.

• Any amount that is rolled over under this provision is considered nontaxable basis in your Roth IRA.

• Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a SIMPLE IRA to a Roth IRA, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax.

More Definitions of Roth IRA

Roth IRA means a Roth individual retirement account, as defined in Section 408A of the Code, established by or for an eligible individual under the Program.

Roth IRA means an IRA established under Internal Revenue Code Section 408A.

Roth IRA means an individual re- tirement account defined under 26U.S.C. 408A.

Roth IRA means an IRA described in §408A of the Internal Revenue Code.

Roth IRA means an account described in Section 408A of the

Roth IRA means an individualretirement account defined under 26U.S.C. 408A.

Roth IRA means a Roth individual retirement account or annuity under Section 408A of the Code.