The work was done, the final bill came out to about $1600, and we now have a hot water heater. We then did some research (yes, we should have done it before, but the timing was tight, and we just wanted hot water), and discovered that a new 30 gallon hot water heater generally runs $300 - $500.
What is a 'Roth IRA'. A Roth IRA is an individual retirement plan that bears many similarities to the traditional IRA, but the contributions are not tax deductible and qualified distributions are tax free.
DEFINITION of 'Individual Retirement Account-IRA'. An investing tool used by individuals to earn and earmark funds for retirement savings.There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs.REAKING DOWN 'Individual Retirement Account-IRA'. With the exception of Roth IRAs, where eligible distributions are tax-free, eventual withdrawal from an IRA is taxed as income; including the capital gains. Because income is likely to be lower after retirement, the tax rate may be lower.