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Roth IRA

Opening my Roth IRA: Robo-Advisor vs. Target Date Fund vs. DIY Portfolio

The first step in my process to opening my Roth IRA was to pick a method of investing. There were three types of methods I was interested in because they are all commonly recommended by other personal finance creators and the finance world in general. They are investing with a robo-advisor, investing in a target-date fund, and DIY investing.

Opening my Roth IRA: What is a Roth IRA?

About a week ago, I decided it was time to open a Roth IRA. For context, I am a 22-year-old who graduated college in May 2020. My full-time employment has been delayed until January 2021. I have been filling my time with various side hustles and have actually started to make some money. I’ve decided that the postponement of my employment should not preclude me from starting to invest for retirement.