: About Me

Every year the Congress of the United States makes changes to Roth IRA rules. It is vitally important for the private American investor to familiarize themselves with these changes in order to both maximize their investment income and avoid penalties. First, though, let's review what you are putting your money into when you contribute to a Roth IRA. BACKGROUND The individual retirement account, or IRA, is a tax-sheltered retirement plan and was originally created in 1974 to assist individuals not covered by company pensions. Under the U.S. tax law of 1981, IRA provisions were liberalized t...