Next Steps
if you already have an account, what is next?
We are still working on this section.
Once you have a Roth IRA account, you have several options for managing your investments:
- Financial Advisor: Hire a professional to manage your investments. They can provide personalized advice based on your financial goals and risk tolerance.
- Self-Managed: Handle your own investments. This option is best if you have a good understanding of investing and want to have direct control over your
investment choices. - Automated Investment Services (Robo-Advisors): Use online platforms that automatically manage your investments based on algorithms. This is a good option
if you prefer a hands-off approach but still want some level of customization. - Investment Through the Roth IRA Provider: Many Roth IRA providers offer investment options like mutual funds, stocks, bonds, or exchange-traded funds (ETFs)
that you can choose from within their platform. - Combination of Strategies: Mix and match these options. For example, you might want to manage some of your investments yourself while using a robo-advisor
for others.
Each option has its own benefits and considerations. The best choice depends on your investment knowledge, time availability for managing investments, and comfort level with taking on investment decisions.