Sometimes I worry that a lot of young ministers aren’t investing in their future because they are too worried about paying off school debt and other things. Since investing is one of my hobbies, I keep track of some money-oriented websites. I came across this question today and thought it was worth posting:
I opened a Roth IRA at my credit union, but now I’m confused. As I
understand it, my Roth, which the teller told me is "just like a CD,"
lasts only 23 months. Based on what I’ve read about Roth IRAs, however,
I thought you could put your money aside for a couple of decades. Does
the amount of time the Roth lasts depend on the financial institution
you open it with, or do all Roth IRAs expect you to decide periodically
whether you want to extend it?
If you don’t know the answer, click here. (Ask the Expert on CNNMoney.com)
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