Today I spent the majority of my day research Roth IRA’s so that I could begin freelance writing for www.adaptu.com.
And also because I REALLY REALLY want to open an account to start saving. (I’m a geek, I know)
From my initial research, I knew that opening a Roth IRA account was the smartest way to get a jump start on saving for retirement while I’m young and without the option of a 401(k). It is also the best way to save as an alternative to a bank savings account since it earns a higher return..
What I didn’t expect were the many options available for a Roth IRA account: MMA’s, CD’s, Stocks, Mutual Funds, Real Estate, etc. In addition, each of these investment types have their own principle rates, investment fees, APY, maturation and withdrawl taxes/penalties. This is going to be a lot more complex than I originally thought.
Looks like I’m going to be doing a LOT more research…