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The Roth IRA was established by the Taxpayer Relief Act of 1997 (Public Law 105-34) and named for Senator Roth, its chief legislative sponsor. In 2000, 46.3 million taxpayers held IRA accounts worth a total of $2.6 trillion in value according to the Internal Revenue Service (IRS). Only a little over $77 billion of that amount was held in Roth IRAs.
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RocketMail was one of the first major free webmail services. The service was originally a product of Four11 Corporation. For a brief time, RocketMail battled with Hotmail for the number-one spot among free webmail services. Four11, including RocketMail, was acquired by Yahoo! in 1997 for $92 million. [1] Yahoo! assimilated the RocketMail engine.
An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.
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