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Reply to "Disadvantages of opening a Roth IRA brokerage account?"
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[quote=Anonymous]I did this for many years OP. The first time I had a job and did my taxes the family accountant told me I could put money into an IRA. I said I didn't want to put it in the stock market because my family taught me it was gambling (immigrants). He told me you could open an IRA CD at a bank. I did that for many years (I'm embarrassed of the number). So so dumb. It took a lot of courage for me to finally put it into Fidelity (FZROX and VTI). Suffice it to say it's gone up way higher in the brokerage in a much shorter period of time. Don't make the mistake I did.[/quote]
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