What is another word for roth ira?
Pronunciation: [ɹˈɒθ ˈi͡əɹə] (IPA) 
A Roth IRA is a specific type of individual retirement account that allows for tax-free withdrawals in retirement. However, there are several synonyms for the term "Roth IRA" that could be used interchangeably. Some of these synonyms include Roth retirement account, Roth IRA savings account, Roth self-directed IRA, and Roth 401(k). These various terms all refer to retirement accounts that offer tax-free growth and withdrawals. Advantages of a Roth account include tax-free growth, no mandatory distributions, and contributions can be made at any age even past traditional retirement age. Understanding the different synonyms for a Roth IRA can help investors make informed decisions about their retirement savings strategies.
