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A Roth IRA is a retirement account funded with after-tax money. Retirement savers can’t deduct contributions to Roth IRAs from current income for tax purposes, but they can withdraw later on ...
And while you can day trade in your Roth IRA, active investments are relatively uncommon in retirement accounts. Roth IRAs are intended to be stable, long-term portfolios and the IRS tries to … ...
For your Roth IRA, I recommend a low-cost ETF like the Vanguard S&P 500 ETF (NYSEMKT: VOO). Its expense ratio is 0.03%, which works out to $2.10 per $7,000 invested.
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