A
areyoukiddingme
Posts: 88
Dec 6, 2010 12:29pm
As a younger person in his 30s, what would investors recommend:
I get a $2000 check from my employer every year for savings/investing. What are the safe and best options to do with this money?
Last year I put it in a Roth IRA. Was that a wise move? I know nothing about investing.
I get a $2000 check from my employer every year for savings/investing. What are the safe and best options to do with this money?
Last year I put it in a Roth IRA. Was that a wise move? I know nothing about investing.
C
Con_Alma
Posts: 12,198
Dec 6, 2010 12:33pm
A Roth IRA is not an investment. It is a tax qualification. What did you invest it in?
A
areyoukiddingme
Posts: 88
Dec 6, 2010 12:39pm
All I know is that it was some sort of an IRA/CD that I can contribute more money into it before April of 2011 and then it becomes mature?
M
Manhattan Buckeye
Posts: 7,566
Dec 6, 2010 1:04pm
If there is a maturity date I'm guessing the money is in some sort of U.S. Treasury issue. As Con Alma pointed out a Roth is just a tax mechanism, you pay taxes on the income currently but when you withdraw after following the rules the distribution is tax-free....it doesn't have anything to do with how you invested the funds.
It depends on how risk averse you are, if you want to keep your prinicipal Treasuries and bonds usually are less volatile. If you want to invest in equities there are some exchange traded funds that have reduced management fees.
It depends on how risk averse you are, if you want to keep your prinicipal Treasuries and bonds usually are less volatile. If you want to invest in equities there are some exchange traded funds that have reduced management fees.
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gerb131
Posts: 9,932
Dec 6, 2010 1:55pm
Money Market Account is where its at.