Roth IRAs were introduced in 1998, named after their chief legislative sponsor, Senator William Roth of Delaware. Senator Roth succeeded in pushing through one of the best saving opportunities for U.S. citizens in a long time.
What is the advantage of the Roth IRA? Roth IRAs allow investors to accumulate tax-deferred earnings and not pay any taxes on withdrawals.
How are Roth IRAs different from traditional IRAs? Both types of IRAs allow for the accumulation of tax-de
Portfolio returns were good in the 1st Quarter of 2007 despite major market volatility that began in late February. After months of relatively calm and well-performing stock markets, we experienced three separate days of significant drops spanning a three-week period. CNBC as well as many cable news networks gave major coverage to these drops. The market would eventually recover after each of these days and wound up ending the month of March just 2% lower than before the firs