What I learned in Economics this week 8/21-8/26

Overview on what I learned so far

The main thing we talked about this week was how to set up IRA’s. We talked about Roth vs Traditional and when to use either or. :

ROTH IRA’S

What is a ROTH IRA: In this type of investment account you are taxed when you contribute money into this account, you aren’t taxed when you take it out unlike a traditional fund.

Other things we learned

Here’s a list:

  • Financial plans
  • How to budget
  • Why you should invest early