 Why not just invest in index funds? |
| Like the S&P 500, since it goes up and down with the market. Is the strategy of an "index and a few" (few refering to stocks) a good way to invest? How should a moderate-higher risk ... |
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 Should I sell my stock? Or should I buy more of it? |
| I am a new investor and purchased a modest amount of stock. Now the stock is dropping consistently. I have always heard the adage "buy low, sell high". My question, then, is: How do I know ... |
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 What kind of business with $25,000? |
What kind of investment would you use with that kind of money. THIS EXCLUDES IRA/MUTUAL FUNDS/STOCK/BONDS/CD'S/MMA'S, AND HIGH YIELD SAVINGS ACCOUNTS.
Im speaking of something ... |
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 How to invest $15 million is the best way? |
| as I do have a assessment that said a lady won $15 million in the lottery. I need to find out which way is the best to invest. Please help!... |
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 How do i make money when stock exchange and property markets are down at the moment? |
| in terms of investing, is there any option better then waiting out the situation at the moment ?... |
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| Investment Plans? |
| Hi , I am 33 year old, married & having a kid. I have a monthly income of 75k. Have good amount of Insurance (85k per year) in that 40k with ULIP. I never invested in MF or Shares directly. I ... |
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 Were can i invest $ 200,000 and make an increase annually? |
| Im Looking to invest $200,000 but i dont know were to Invest it is there anyone out there know were i can annual return on my money?... |
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 Is there anyway to increase your chances of buying a good stock? |
| I want to buy a stock that is about $20.00 a share and that will maybe jump about one to three dollars within the next week. Is there anyway to predict if a stock will jump?... |
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 I've just inherited a very large sum of money. What can I do to protect it from taxes and make more money? |
| I would like to give some to my spouse as a gift and some to other family members. I also want to start a business with some of the money (about $50,000) and put the rest away. I would like to put ... |
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 I bought Yahoo stock on Friday and now that the microsoft deal is off I am going to lose big.? |
| My question is should I buy more when the stock gets killed tommorow or just wait it out.Why did yahoo not take this deal.Is the company really worth 37 dollars ???... |
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 Is AIG a good investment right now? |
| Why would it be or why would it not be? T... |
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 What type of job earns 10,000 dollars a month? |
| I'm not talking about major sports jobs or heads of companies, but something the average joe can do to earn that kind of money.... |
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 The High Gas Prices? Aren't they tied to the value of the $.? |
| If the value of the US Dollar has fallen off a cliff over the last 6 months, and crude oil is priced in dollars. Isn't the governments policy of inflating the US Dollar to save the sub-prime ... |
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 I just won GBP6.5 million , Can some one advice me how i should invest this money? |
i am just 22 years old single, currently unemployed
I hav outstanding debts of GBP2500.
I Dont like to work and would like to have a income of GBP100000 Per ... |
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NavyBrat | Which is a better investment? CD or IRA and why? |
Please tell me the pros and cons of each. Thanks. |
 |
 
muncie birder
|
As other responders have advised, an IRA is a type of retirement account. Now to answer your question. A Ross IRA allows you to earn on your investments without ever having to pay taxes, ever. That is a great advantage. A traditional IRA allows you to defer taxes and deduct the contribuitions from your taxable income, also an advantage, but in my opinion not so much an advantage as that offered by the Ross IRA. There is a big difference between deferring taxes and not ever having to pay taxes.
Now with both types of IRA accounts, one of the investments you could make is to place your money within the IRA account into CD's. There are many other options available. |
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Kaytee
 |
Well, IRA is not an investment per se, it is a retirement account which can hold the investments you put in it - stocks, bonds, mutual funds, CDs etc.
Therefore these two are not comparable. |
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curious george
 |
An IRA is for retirement savings. It allows your contributions to accumulate interest tax-free until you withdraw it, after age 59 1/2. This means you will probably be taxed less on your withdrawals. With current tax law you may be able to get up to $100 CREDIT ON YOUR TAX BILL for an IRA contribution - a great way to reduce your current taxes! Except for certain conditions, an early withdrawal has a 10% penalty plus being taxed. The IRS has a good web site. Withdrawals from a Roth IRA are tax free. A CD is a way of usually getting a better interest rate on savings. You can have a CD in an IRA.
Some good info is here- http://www.irs.gov/pub/irs-pdf/p17.pdf |
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NC
|
IRA is not an investment, it's a type of tax-advantaged account you open with brokerages or mutual fund companies. You can put a CD into an IRA if you need to... |
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Ranto
|
This is like asking if you like apples or oranges.
The answer depends on what you are looking for in an investment. If you are investing for retirement, then you should put your money into an IRA. There is a huge tax advantage to it. If you are investing for a long time, then you ought to put most of that money into securities that have more risk (and more reward) than CDs.
On the other hand, if you need cash in six months or a year, then putting your money into an IRA is a monumentally stupid idea. The CD will be very safe, and provide you with liquidity when you need it. |
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Katy W
 |
this all depends on how you wish your money to work for you. You really should be asking, which is better, a voluntary account or a Roth IRA? The difference between these two is if you need the money for retirement or if this is money you will need to access before retirement? |
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Zak
 |
Brief, quick answer:
Over the long term an IRA is a better investment.
CD
-very, very low risk
>low return on investment
IRA
-higher risk
>higher rate of return
>many, many investment options
If this is for retirement in the distant future, an IRA is MUCH better than a CD.
CDs are for places to put cash in the short-term or for people who are retired or very close to retirement to put their money. |
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young_pilot2003
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Listen to Cristy. An IRA is an investment account. A CD is an investment instrument. |
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Frank Castle
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1) IRA
2) You make more money.
I suggest you to stay way from CDs.
Top 5 Answerer in this category. |
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