With corona so many people will find their retirement in ruins... It will kill so many people not directly, but with all that recession (and other problems) coming :(
I cannot believe that somebody would use CD in Roth... What? You put away money for long time and picking the safest investment with lowest return?
I told my daughter that is supposed to go to college (and with corona I am definitely will not be able to afford her choice... ) that she should max her ROTH when she will just start to work. And pick some "growth" ETFs there. Even SP500 would do it if one wants to be on the "safe" side.
When I was a grad student I paid almost no taxes (being a teaching assistant means you are in the lowest tax bracket possible, lol), but manage to save couple thousands a year. SP500 for that time period would grow for me like 5 times, even with current corona. Now I am in the highest brackets... and not much in my retirement fund (corona did not help either with all my latest investment)… and four kids are starting to going to college one by one in 3-5 year intervals. BYW, it's another problem: if my kids went to college simultaneously, or in "pairs", I would be able to afford it no problems... but now I will be "screwed" for quite some time using much of my saving for another two decades for college payments. So, by the time I approach my retirement age, I will hardly have enough no matter what I do now... investing in ROTH while being young and poor is the way to do it.
