Roth Ira Cd

What is the difference between a Roth IRA and a Roth IRA term cd? Is it the act Roth CD as a normal CD, but with interest tax-free? When Roth CD term is up, what I have to roll over into another Roth IRA CD? If I finish the cd Roth at the end of term, is there a penalty?

Let me explain. You can take money from the Roth IRA account at any time, but you may need to put money in the account or you will be charged. A Roth IRA is a retirement account that requires $ 2,500.00 and can be removed when you are 59 1 / 2. You will not be imposed as a condition to take your money after 59 1 / 2. Take the money until 59 1 / 2 and you can be taxed. A Roth IRA CD has a higher interest rate than savings Roth account. Keep your money here and you can earn more money. Roth IRA accounts (savings and CDs) are designed to be removed after your 59 1 / 2. Please do not put your money here unless you want to save for your retirement. Join my group in Yahoo groups storeonwheels when you have money or business issues.

The difference between the CD and the account is that the CD has guaranteed the principal and interest. With the investment account, you take stock, bonds, mutual funds etc. to invest and they have all the investment risk.

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