Self-employed individuals have the option of opening either a traditional IRA, or a Roth version. The contributions you make to a traditional IRA are tax deductible every year, but you will have to pay the taxes on the income when you cash out the account during retirement.With a Roth IRA, you do not get tax deductibles for your annual contributions, but you do not have to pay the taxes upon cashing the money out.For most people, Roth IRAs save them more money in taxes overall, even though the initial contributions are not deductible.he contributions you make to a traditional IRA are tax deductible every year, but you will have to pay the taxes on the income when you cash out the account during retirement. With a Roth IRA, you do not get tax deductibles for your annual contributions, but you do not have to pay the taxes upon cashing the money out.
Princeton's WordNet(0.00 / 0 votes)Rate this definition: 1  massive, monolithic, monumental(adj) imposing in size or bulk or solidity. 2  massive(adj) being the same substance throughout. 3  massive(adj) imposing in scale or scope or degree or power.  massive(adj) consisting of great mass; containing a great quantity of matter.
vast adj : unusually great in size or amount or degree or especially extent or scope; huge government spending; huge country estates; huge popular demand for higher education; a huge wave; the Los Angeles aqueduct winds like an immense snake along the base of the mountains; immense numbers of birds; at vast (or immense) expense; the vast reaches of outer space; the vast accumulation of knowledge...which we call civilization- W.R.Inge [syn: huge, immense, Brobdingnagian]