I just looked up what a CD is. It seems easier to understand than some of the other suggestions that have been made. I do not understand what a roth ira is or if it’s right for me.
Roth grows tax-free and has more long term flexibility compared to traditional IRA. The tradeoff is that it doesn’t reduce your taxes in the year you contribute. It’s the better option for most.
I just looked up what a CD is. It seems easier to understand than some of the other suggestions that have been made. I do not understand what a roth ira is or if it’s right for me.
Roth grows tax-free and has more long term flexibility compared to traditional IRA. The tradeoff is that it doesn’t reduce your taxes in the year you contribute. It’s the better option for most.