Submitted by [deleted] t3_11d7w7t in personalfinance
Stock-Freedom t1_ja78xed wrote
This is a mild fun fact about the Roth 401(k)/IRA. It’s not ROTH as if it is an acronym, but Roth because it’s named after former Senator William Roth.
Also, Roth isn’t a noun. It describes a type of tax advantaged contributions. You likely meant Roth IRA.
GTTMR t1_ja7k1j6 wrote
Wasn't aware the Roth IRA was named after someone. Feels like that could be a Jeopardy question.
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