derekward•13d agoProlific Poster

Update: I finally opened a Roth IRA instead of just adding more to my savings account

For a long time, I kept putting any extra cash, like my yearly bonus, into my regular bank savings. Last week, I had $1,200 from a side job and had to choose: add it to the savings account earning almost nothing, or start a Roth IRA. I opened the Roth with a basic index fund. It felt weird to lock the money away, but seeing it actually invested is a different feeling. Has anyone else made that switch and felt a bit nervous at first?

3 comments

3 Comments

park.robin13d ago

Honestly, it's just a retirement account. People act like it's some huge life change.

christopher_sullivan1d ago

It's basically selling your youth.

the_xena13d ago

It's the final step in turning your time into money, then locking that money away for decades.