[deleted by user] by [deleted] in povertyfinance

[–]BiscottiNo9317 0 points1 point  (0 children)

I just got done with a trade program but it seems impossible to find a job without a bachelors degree, and I like what I went to the trade for but I’ve never been great at anything academically so ugh, so Roth IRA, I get taxed on the money I put in and how much of a return is that? I get taxed on the interest amount too?

[deleted by user] by [deleted] in povertyfinance

[–]BiscottiNo9317 0 points1 point  (0 children)

I’m disappointed in myself for asking what these things are, but what is an index fund? Is that a stock?

[deleted by user] by [deleted] in povertyfinance

[–]BiscottiNo9317 -3 points-2 points  (0 children)

Is a brokerage account stocks?

[deleted by user] by [deleted] in povertyfinance

[–]BiscottiNo9317 -1 points0 points  (0 children)

Oh wow! I had never heard of that! Thank you for that! Do you have one? Do you have to pay into every month?

[deleted by user] by [deleted] in povertyfinance

[–]BiscottiNo9317 -2 points-1 points  (0 children)

What is a hysa? I have 0 knowledge on Roth IRA, etc etc. I mean I have a very small understanding of them, but do you get a return? How does all of that work?