Oh, retirement. I feel like we all know we should invest for the future. But it's. All. So. Confusing. I mean, just look at one popular retirement account: the Roth IRA. What even is that??
Before we get into the nitty gritty, you should know that a Roth IRA is a type of investment account, so there is a chance that it could lose money.
So, with that in mind, here are 14 things you should know about Roth IRAs:
To learn more about Roth IRAs specifically, I interviewed financial expert Nancy DeRusso, who is the managing director and head of financial wellness at Goldman Sachs Ayco Personal Financial Management. Nancy broke it all down and made it easier to understand than I thought, thank goodness.