So Money episode 28, Ask Farnush.

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Welcome to So Money.

Welcome to Ask Barnouche, everyone. This is our chance to connect. I'm

Farnish Terabi host of So Money. Welcome. Welcome and thank you for all the

questions that have been streaming through. You guys are fantastic at following directions. I have to say I get annoyed with myself repeating on the podcast every single day, you know go to so many podcast

dot com click on ask for news just send your question your comment but it's

working you guys are listening and getting obviously excited to

submit your questions I hope I can get to all the ones that remain from this

week today and if not there's always next weekend. So without further ado let's

kick it off right here right now we have Kali. She says I've been saving to start a Roth IRA. I'm

planning on investing in index funds but I'm still not sure I entirely

understand the structure of a Roth. Is it basically a separate account I use to invest in different options or is it limited to one type of investment?

All right, Callie, so good that you're starting a Roth IRA, I love that. A Roth IRA is an individual

retirement account which lets you make contributions with after-tax dollars. So that's great. The money grows tax free. The benefits of a Roth are that, as I said,

your contributions can grow tax free. That's one. And you can generally make withdrawals

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