Roth IRAs - Roth Individual Retirement Account

Roth IRA or Roth Individual Retirement Account

See links to point in the presentation below:
0:30 Roth Introduction
7:52 What is a Roth IRA?
19:46 Can You Contribute to a Roth IRA?
28:44 How Much Can Be Contributed
35:49 Table – Effect of Modified AGI on Roth IRA Contribution
42:42 When Can Your Make Contributions & What if You Contribute Too Much?
51:35 Can You Move Amounts Into a Roth IRA?

Publication 590-A Contributions to Individual Retirement Arrangements (IRAs)
https://www.irs.gov/pub/irs-pdf/p590a.pdf

This chapter discusses the original IRA. In this publica-tion, the original IRA (sometimes called an ordinary or reg-ular IRA) is referred to as a “traditional IRA.” A traditional IRA is any IRA that isn’t a Roth IRA or a SIMPLE IRA. The following are two advantages of a traditional IRA.
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You may be able to deduct some or all of your contri-butions to it, depending on your circumstances.
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Generally, amounts in your IRA, including earnings and gains, aren’t taxed until they are distributed.
You can open and make contributions to a traditional IRA if:
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You (or, if you file a joint return, your spouse) received taxable compensation during the year, and
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You weren’t age 701/2 by the end of the year.
You can have a traditional IRA whether or not you are covered by any other retirement plan. However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer retirement plan. See How Much Can You Deduct, later.
Both spouses have compensation. If both you and your spouse have compensation and are under age 701/2, each of you can open an IRA. You can’t both participate in the same IRA. If you file a joint return, only one of you needs to have compensation.
When Can a Traditional IRABe Opened?
You can open a traditional IRA at any time. However, the time for making contributions for any year is limited. See When Can Contributions Be Made, later.
How Can a Traditional IRABe Opened?
You can open different kinds of I..