Question by qaperson6859: What exactly is a Roth IRA and should I start putting money in it? Im 22?
Im 22 and just started my first “real job” right out of college. About to finish paying off my student loan and was looking at also investing in mutual funds and a Roth IRA. What all is involved with a Roth IRA? Does it have its on interest rate or whats the deal?

Best answer:

Answer by golferwhoworks
smart investor. always start young as you can. ROTH is after tax $ $ $ that earn what ever they are placed in. diversify the portfolio into growth, growth and income and some over seas stuff. you can put in as much as you wish per month and some will be tax deducible come irs time every year even if you over fund.

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Im 22 and just started my first “real job” right out of college. About to finish paying off my student loan and was looking at also investing in mutual funds and a Roth IRA. What all is involved with a Roth IRA? Does it have its on interest rate or whats the deal?

I have a target retirement fund for all my 401K money and it’s down right now. If I keep adding money does it buy more shares of it so when the price goes up I do even better?

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