Roth IRA, Traditional IRA, 401K » about http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How do I go about getting a Roth IRA started? http://www.iraroth.net/2011/10/how-do-i-go-about-getting-a-roth-ira-started/ http://www.iraroth.net/2011/10/how-do-i-go-about-getting-a-roth-ira-started/#comments Thu, 20 Oct 2011 17:44:08 +0000 admin http://www.iraroth.net/2011/10/how-do-i-go-about-getting-a-roth-ira-started/ Question by Xanctity: How do I go about getting a Roth IRA started?
I’m 23, married, and interested in opening a roth IRA but I have no idea where to go, what bank to use or what my options are. I’ve done my research and know that this is the type of account I want but haven’t been able to find advice on how to get the ball rolling. Any advice or suggestion would be appreciated =)
Also, what is the minimum amount to open the account?

Best answer:

Answer by SEC
When it comes to investments, it is usually in your best interest to seek the aid of a professional. A Certified Financial Planner in your area can not only help weed through the countless choices you have, but also show you how the investment fits into your overall financial picture. Check out www.cfpboard.org to find a planner in your area.

Know better? Leave your own answer in the comments!

]]> http://www.iraroth.net/2011/10/how-do-i-go-about-getting-a-roth-ira-started/feed/ 2 Roth IRA help – What type of funds to invest in for someone who knows little about investing? http://www.iraroth.net/2011/02/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing-2/ http://www.iraroth.net/2011/02/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing-2/#comments Sun, 27 Feb 2011 22:23:11 +0000 admin http://www.iraroth.net/2011/02/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing-2/ Question by Sje: Roth IRA help – What type of funds to invest in for someone who knows little about investing?
I’m 34 and want to start a Roth IRA for myself and plan to to contribute the max amount in one contribution each year. I know I want to go with either Fidelity, Vanguard, or T. Rowe. I know very little about investing and would like to feel secure with the investment. I know there are too many funds to choose from and I don’t understand them. Thanks for your suggestions.

Best answer:

Answer by Shana B
I know Fidelity (and probably the others too) has funds that are named by the year that you plan to retire (so you’d pick fund for the year 2040) that will automatically redistribute your money to be more aggressive when you’re younger and more conservative and safer as you age. They mix it up b/w stocks, bonds, and cash for you.

What do you think? Answer below!

]]> http://www.iraroth.net/2011/02/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing-2/feed/ 2 Question about traditional IRAs? http://www.iraroth.net/2010/05/question-about-traditional-iras/ http://www.iraroth.net/2010/05/question-about-traditional-iras/#comments Fri, 07 May 2010 02:40:16 +0000 admin http://www.iraroth.net/2010/05/question-about-traditional-iras/ Okay. If I can only put 5000 into a traditional IRA a year. what if i want to invest more than 5000 dollars into the same fund. can i not just invest more than the 5000 and get no tax break for the additional funds? or do i really need to buy a separate identical mutual fund?

]]> http://www.iraroth.net/2010/05/question-about-traditional-iras/feed/ 2 Need more help with IRAs, I’m confused about which to pick? http://www.iraroth.net/2010/05/need-more-help-with-iras-im-confused-about-which-to-pick/ http://www.iraroth.net/2010/05/need-more-help-with-iras-im-confused-about-which-to-pick/#comments Tue, 04 May 2010 22:48:10 +0000 admin http://www.iraroth.net/2010/05/need-more-help-with-iras-im-confused-about-which-to-pick/ I asked a question earlier, but I’m still unsure as to which I should choose. Right now I’m 25, single and have a savings account. I’m looking into an IRA for retirement…thinking long term here(30+ years). My Credit Union offers both Traditional/Roth IRAs, and Tradtional/Roth CDs. I’ve read about the advantages and disadvantages to both types of IRAs but I’m nervous about picking the right one for my needs and the future. The pre-taxed Roth seems great, but what if I get married and we make over $160k?(With my current career path it may be possible) and I’ll likely be in a lower tax bracket upon retirement. Any suggestions?

]]> http://www.iraroth.net/2010/05/need-more-help-with-iras-im-confused-about-which-to-pick/feed/ 7 Stupid question about Roth IRAs? http://www.iraroth.net/2010/04/stupid-question-about-roth-iras/ http://www.iraroth.net/2010/04/stupid-question-about-roth-iras/#comments Thu, 08 Apr 2010 22:48:27 +0000 admin http://www.iraroth.net/2010/04/stupid-question-about-roth-iras/ What is the interest rate for a Roth IRA? I realize who can contribute and what the limit is, but how do you make money with one? Does the bank that you go through help you invest, or are you completely on your own?

]]> http://www.iraroth.net/2010/04/stupid-question-about-roth-iras/feed/ 4 How or which is the easieast way to learn about IRAs? http://www.iraroth.net/2010/02/how-or-which-is-the-easieast-way-to-learn-about-iras/ http://www.iraroth.net/2010/02/how-or-which-is-the-easieast-way-to-learn-about-iras/#comments Fri, 05 Feb 2010 22:28:19 +0000 admin http://www.iraroth.net/2010/02/how-or-which-is-the-easieast-way-to-learn-about-iras/ I quit my job and had 401K and now I need to figure out how not to lose my money but do not know anything about investing/retirement plans.

]]> http://www.iraroth.net/2010/02/how-or-which-is-the-easieast-way-to-learn-about-iras/feed/ 1 How about a single 401k that is part of a sole proprietor business? http://www.iraroth.net/2009/12/how-about-a-single-401k-that-is-part-of-a-sole-proprietor-business/ http://www.iraroth.net/2009/12/how-about-a-single-401k-that-is-part-of-a-sole-proprietor-business/#comments Sun, 20 Dec 2009 03:10:04 +0000 admin http://www.iraroth.net/2009/12/how-about-a-single-401k-that-is-part-of-a-sole-proprietor-business/ Where do contributions for either the deductible portion or the 401k Roth portion get reported? Is there a place on the schedule C or somewhere else?

]]> http://www.iraroth.net/2009/12/how-about-a-single-401k-that-is-part-of-a-sole-proprietor-business/feed/ 3 What are the rules about withdrawing contributions (not interest) from a Roth IRA? http://www.iraroth.net/2009/12/what-are-the-rules-about-withdrawing-contributions-not-interest-from-a-roth-ira/ http://www.iraroth.net/2009/12/what-are-the-rules-about-withdrawing-contributions-not-interest-from-a-roth-ira/#comments Mon, 14 Dec 2009 12:40:10 +0000 admin http://www.iraroth.net/2009/12/what-are-the-rules-about-withdrawing-contributions-not-interest-from-a-roth-ira/ Please cite a source, thank you!

]]> http://www.iraroth.net/2009/12/what-are-the-rules-about-withdrawing-contributions-not-interest-from-a-roth-ira/feed/ 2 Roth IRA help – What type of funds to invest in for someone who knows little about investing? http://www.iraroth.net/2009/12/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing/ http://www.iraroth.net/2009/12/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing/#comments Thu, 03 Dec 2009 03:17:45 +0000 admin http://www.iraroth.net/2009/12/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing/ I’m 34 and want to start a Roth IRA for myself and plan to to contribute the max amount in one contribution each year. I know I want to go with either Fidelity, Vanguard, or T. Rowe. I know very little about investing and would like to feel secure with the investment. I know there are too many funds to choose from and I don’t understand them. Thanks for your suggestions.

]]> http://www.iraroth.net/2009/12/roth-ira-help-what-type-of-funds-to-invest-in-for-someone-who-knows-little-about-investing/feed/ 3