Properties (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Bank
|
| gptkbp:catchphrase |
$1,000
|
| gptkbp:contribution |
$6,000
earned income spousal contributions allowed |
| gptkbp:createdBy |
gptkb:William_Roth
|
| gptkbp:currentCondition |
qualified distributions
|
| gptkbp:distribution |
may incur penalties
may incur taxes |
| gptkbp:enrollment |
income limits apply
|
| gptkbp:financials |
tax-free withdrawals
tax-free growth offered by banks important for effective use offered by brokerage firms offered by credit unions offered by investment companies recommended for retirement planning |
| gptkbp:formFactor |
Form 1040
Form 5329 Form 5498 Form 8606 |
| gptkbp:garnishedWith |
10% penalty
|
| https://www.w3.org/2000/01/rdf-schema#label |
Roth IRA
|
| gptkbp:introduced |
1997
|
| gptkbp:investmentFocus |
stocks
ETFs mutual funds bonds long-term growth market risk interest rate risk inflation risk liquidity risk |
| gptkbp:isBeneficialFor |
can be designated
|
| gptkbp:legacy |
can be passed to heirs
|
| gptkbp:offersCoursesIn |
individual account
joint account not allowed |
| gptkbp:receivesFundingFrom |
disability
qualified education expenses death of account holder first-time home purchase |
| gptkbp:requires |
not required during lifetime
|
| gptkbp:researchContribution |
after 5 years
age 59½ or older |
| gptkbp:retirementYear |
part of diversified portfolio
|
| gptkbp:rollingStock |
from_traditional_IRA
|
| gptkbp:state |
varies by state
|
| gptkbp:submissionDeadline |
April 15 of the following year
|
| gptkbp:takeoffDistance |
59½ years
more_flexible_than_traditional_IRA |
| gptkbp:transferFee |
between custodians allowed
from_traditional_IRA |