I opened up a Roth IRA with HSBC about a year ago and I have to admit that as much research as I've done on the thing, I don't really understand how it works. I get the whole pre-tax vs. after tax dollars thing, and the limit on the amount of money i can put in it annually, but otherwise, it just seems like a savings account with rules.
The thing doesn't earn that much interest at all (I think my ING savings account earns more interest than the IRA), so I'm wondering if I should move it somewhere else (is that a rollover?)... like a Charles Schwab type place vs. a regular bank like HSBC. Would that make a difference? Perhaps i should hire a financial advisor, mostly b/c I really don't know what the hell I'm doing... any advice/ suggestions? I really just can't seem to make sense of it all, and I don't know what kind of interest rate I should expect a Roth IRA to be earning... 3% just seemed a little low. Is it? HELP!!



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But that was back in my corporate days.

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