The Roth IRA's were created in 1997 (The Taxpayer Relief Act of 1997).  Named after former Senator WIlliam Roth (R-DE) former Chairman of the Senate Finance Committee.

There is no maximum age limit for contributions as long as an individual has earned income.  An individual has up to the federal tax-filing deadline, not including extensions to make a contribution for the prior tax year.

Contributions to a Roth IRA are not tax-deductible.  There are no required distributions for Roth IRA's when a member reaches a certain age.  Distributions from Roth IRA accounts are subject to federal income tax withholding of 10%, unless a member requests another amount in writing.

You may contact any CU office for additional information.