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Roth IRA
An individual retirement account allowing for tax-free withdrawals on qualified distributions, funded with after-tax dollars.
Tax-Free Withdraw
Taking money out of a financial account, such as a Roth IRA, without incurring tax liability on the distribution.
Nondeductible Contributions
Contributions to certain retirement accounts that cannot be deducted from current income taxes, but may potentially grow tax-free until withdrawal.
Tax Basis
The value of an asset for tax purposes, used to calculate gain or loss on the sale or other disposition of the asset.
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