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A Roth IRA is an individual retirement account that investors fund with contributions from income that has already been taxed. Contributions therefore are not eligible for a tax deduction, but as long as the account owne... More »

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Eligibility for contributing to a Roth IRA is dependent on limits set by the IRS on income for each year of contributions, according to RothIRA.com. Marital status also impacts the determination of the yearly limits. More »

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Generally, the allowed contributions to an individual retirement account are the lesser of $5,500, increased to $6,500 for taxpayers age 50 and older, or taxable compensation for the year. As of 2015, combined Roth and t... More »

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There are three ways to convert a 401(k) to a Roth individual retirement account (IRA) and these are same trustee transfer, trustee-to-trustee transfer and 60-day rollover, notes the Internal Revenue Service website. Rot... More »

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Roth IRA account holders of any age can withdraw contributions at any time without taxes or penalties, reports About.com. However, earnings on contributions to Roth accounts are subject to early withdrawal penalties unle... More »

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The limits of a Roth IRA contributions depend on three factors: income, age and marital status, according to RothIRA.com. The money contributed must be from earned income. The contribution limit in 2014 was $5,500 for th... More »

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In many respects, the Roth and traditional 401(k) individual retirement accounts (IRA) are very similar, and the main difference between the two has to do with taxes; with a Roth 401(k), the account holder pays contribut... More »

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