Feb 19

Is there something better than a IRA for retirement?

5 comments so far...

  • tacoman069 Said on February 19th, 2010 at 6:11 pm:

    like everything else some are going to pay more than others and some are more risky than others talk to ur banker also look into being cheap and starting a 401k or DCP which is easier because they can take it pre tax out of ur check ; im looking into mutual funds there a good bet as well safer in general than stocks ; realitate is supposed to be good as well look into buying a duplex or other muti unit housing; i might be inventing something soon no joke u might hear about me later idk how its going to work out im checking into inventors helpl.com or something i have an appoint ment next week… wish me luck im not going to need it

  • Richard F Said on February 19th, 2010 at 6:27 pm:

    Massive differences. And sure there are better things. But you have to be in the right place to have them. You will do best to inform yourself. Read a book on investing. Advisers have self interests.

  • astatine Said on February 19th, 2010 at 6:49 pm:

    IRAs are as varied as cars. If you’re a novice and young go with a fund family that charges low fees, no load, and get a broad stock mutual fund – something like the unmanaged S&P 500 tracker.
    If you’re close to retirement, head more to bonds – not junk bonds – though.

    If your income is not very high, a Roth IRA may be better. You pay taxes on it now, but all income within the IRA is tax free. The traditioal IRA is tax deferred, but you pay on both the principal and the earnings.

    What’s better – if your employer matches a 401K or 403B to any extent, that would be better.

  • Robert B Said on February 19th, 2010 at 7:24 pm:

    Google ROTH IRA. It’s the best one for most people.

    I swear this place is the blind leading the blind. What a bunch of tards.

  • derek Said on February 19th, 2010 at 8:04 pm:

    There are basically two types of IRAs. The traditional and the Roth. Keep in mind that a IRA is not an investment, it is merely an account that holds your investments and shelters it from taxes.

    I prefer the Roth IRA because the growth is tax free.

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