Anyone here have a ROTH IRA? I think it's time to start one for myself. Who do you use? Local Bank? Mutual Fund company? Broker? Why do you like the company you went with?

 

Since you are young, put it in a mutual fund and let it grow.

 

I have a roth IRA and Im 16... Started it myself....Went with 1st investors, a friend is the VP.

 

Foolish Old Man. Roth IRA...Pay Taxes on what you put in; not the Profit. Invest in Savings, Mutual Funds, Stocks, whatever you want.

 

No, dumbard, I was saying invest the Roth in mutual funds. In answer to your question. Stupid kids. Ask a question then don't recognize the answer.

 

Sorry Sir.

 

Apology accepted.

 

I think one needs to look at their current finances, and plan accordingly. I usually go with the instant gratification of the tax break today. That extra cash today can sometimes come in handy.

I do the tradional IRA as i figure i will be dead and gone before i hit 60, so the instant cash now is better for me.

 

:lol;

Jim ROCKS ! ! !

 

This is coming from someone that hates everybody.





J/K dave

 

http://clarkhoward.com/shownotes/category/7/76/356/

Fidelity (and a couple others) has a Fidelity Freedom Fund. Basically it is designed to change it's aggressiveness depending on when you project you'll be retiring. I am currently in the FFF2040 fund (stock symbol FFFFX). Read through that site, there's tons of information on investing.

 

He didn't ask what to invest in? Maybe you should re-read the question.

 

I have accounts with Ameritrade and I really like them a lot. They are probably geared more for people who would like to do their own investing as opposed to having someone direct you where to put your money. I also have had accounts with Edward Jones. Basically my advisor at Edward Jones directed me to put my money in certain funds. I feel that I have more freedom to invest in the direction that I choose at Ameritrade and they have lower fees than some other investment brokerage companies.

I am sure that you will have some great replies on here and you can use that as the beginning of your search to find a good company.

 

I think the stock market is too risky these days -- I've been putting all my extra money into mid-80's Eastern European automobiles.....

 

He asked bank. What do they push? Money markets. He asked Mutual Funds, what do they push ? DUH! He asked broker, what do they push? DUH again. He asked, I gave him my advise.