My bf (who works in finance LOL) says he “doesn’t believe in Roth-IRAs.” He just graduated and started his job. No emergency fund but makes a little over 100k. He thinks investing his money with the family broker is the way to go and doesn’t like how with Roth IRAs and retirement vehicles, he has lock his money up and thinks he can earn more from investments with a broker than just putting it in a Roth/S&P. I am a more traditional safety-oriented person who is trying to preach the emergency fund, Roth IRA, employer 401k match kind of investor (passive dollar cost averaging). What information/facts/data can I present him to change his mind? I’ve always been more financially concious/saavy but but am I wrong here?
Submitted July 15, 2024 at 11:28PM by coolpanda9 https://ift.tt/Lg0ZfEe
