+2 votes
by (150 points)
Can you lovely ladies please explain to me what a Roth IRA and CD are? Is it retirement? I have retirement and contribute 10% every pay period. I have a 457b and CalPers(not sure if this is similar or related) But I often hear about Roth IRA and CD. Thank you in advance! Yes I can google it but there is nothing like personal experience or someone explaining it to you. Also how do I get one or both and are there guidelines to it?  
Can you lovely ladies please explain to me what a Roth IRA and CD are?

1 Answer

0 votes
by (9.9k points)
CDs are just through your bank; you basically let them lock up your money for a specific period of time like 6 months let’s say, but every month they promise a certain APR%. Roth IRA is pretty much just a non employer sponsored 401K to put it simply? I’m sure someone else is more eloquent than me  
by (150 points)
@carborundum I still appreciate you taking the time to enlighten me.  
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