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Contributions Fund Roth IRAs, Not Rollovers

Friday, July 4, 2014 - 9:51 AM
From Credit Union Times:
Contributions appear to be the leading funding source for Roth individual retirement accounts, according to a new Investment Company Institute report. In 2012, more than seven in 10 new Roth IRAs were opened exclusively with contributions — in sharp contrast to traditional IRAs, which largely are created through rollovers from employer-sponsored retirement plans.

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