I don't have the option of a 401k but i invest the maximum into my Roth IRA. What else can i do? - roth ira maximum
I'm a little shakey when it comes to investing in equities and as for me, all the other proposals as a "buy stocks" are welcome. Should I jump into a fund? Buy T-bills or what? lol I really have no idea where they go from here.
Tuesday, January 5, 2010
Roth Ira Maximum I Don't Have The Option Of A 401k But I Invest The Maximum Into My Roth IRA. What Else Can I Do?
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4 comments:
It depends on your risk appetite: the long term by investing in equity funds is usually the best plan, but you have to cope with the inevitable overthrow of, and progress in all actions. If you are concerned about their normal taxes (not rated) investments, you can search for variable annuities, which contain the growth of the tax, until they leave for income. T-Bills and cash instruments only 4-5%, while investment in times of return of 10% per year on average.
Shares for a few last time. I suggest you read "Sane Investing in an insane world" by Jim Cramer first.
T-bills are bad. It is so difficult to choose an investment fund to buy stocks, because there are thousands of people are. You can double an investment fund to buy look at the prospectus of the Fund and the same share.
I started real small town a year ago and I'm OK. It takes a long time and reading. I would not hurt to get a report on something a little Scott Trade and test the waters. If there is a series of measures are much better than the savings.
Investment funds are logical. A mix of equity and bond funds. Yield on the Treasury Bill speaks genearlly are too low, you will not beat inflation. Annuities carry high fees and charges arising. People, most of them do, are people who sell them. You have to pay taxes on at their normal rate when carried out, but higher than the rate of capital gains, which are usually lower. And dont get is an increased tax base to their heirs, as do mutual funds.
To add others, there is the MSA. The MSA, working as the IRA, but it is for all medical payments, including co-payments. The limit is $ 1,500 per person, per year and $ 3,500 for a family per year. If your family has a history of medical problems or hate generic drugs and medical devices, it can for you.
You also want to 3-6 months worth of emergency savings, which can be accessed from anywhere, anytime.
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