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.
The definition of large is greater than average in size or amount, or important or significant. 1  An example of large is the phrase a large person, which means a person who is overweight. 2  An example of large is the phrase a large role in a project, which means a person who has an important part in the project.