What Year Did Roth IRA Began?

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   Karl Renwanz

   Renwanz Insurance & Financial Solutions, Carlsbad, CA

   The Roth IRA was borne out of the Taxpayer Relief Act of 1997. The law was signed into effect on August 5, 1997. The first year a Roth IRA was available was 1998. The Roth IRA is named after Senator William Roth of Delaware who served as chairman of the Senate Finance Committee from 1995 until he left office in 2001.

   Answered on September 22, 2014

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