<P> Originally called an `` IRA Plus '' , the idea was proposed by Senator Bob Packwood of Oregon and Senator William Roth of Delaware in 1989 . The Packwood -- Roth plan would have allowed individuals to invest up to $2,000 in an account with no immediate tax deductions , but the earnings could later be withdrawn tax - free at retirement . </P>
which two us senators proposed and helped pass the investment platform roth ira
Senator Bob Packwood of Oregon Senator William Roth of Delaware