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Reply to "Disadvantages of opening a Roth IRA brokerage account?"
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[quote=Anonymous]Are there any disadvantages to opening a Roth IRA brokerage account? Let's say I will be retiring in 30 years. I've had IRA accounts with CDs for many years, but some of the interest rates are really crappy and I now have FOMO (how do I have a 5 year CD that gives 0.5%??). Right now the CD rate is like 4% through my bank. Could I do better opening a Roth IRA at my brokerage and using it to buy individual stocks or an S&P index fund? But maybe a 4% guaranteed return is a better deal than the volatile stock market. Also wtf do I do about those horrible low rate CDs? [/quote]
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