uccess With Money
uccess With Money
Your Personal Guide to Achieving Success With Your Money and Your Life
For most people the Roth IRA is probably the best long term (until retirement) savings tool. The exception is that when an employer offers matching funds toward a 401k then that should be taken advantage of until matching funds are no longer given, then go to the Roth IRA. Take time to learn about the Roth IRA now.
Robert Brokamp, in The Motley Fool, has an article called Why the Roth Rules that spells out the advantages of a Roth IRA over most other forms of retirement investment. It does a good job of laying out the basics (http://www.fool.com/news/commentary/2003/commentary030416.htm).
A terrific amount of good information about the Roth IRA can be found by checking out the web site: http://www.fairmark.com/rothira/index.htm. Another helpful site is: http://www.rothira.com.
If you do not know a lot about investing, or even if you do, one of the best routes is to put your money into a basic index fund with a company like Vangard where expenses are very low. Personally I use the Vanguard Total Stock Market Index Fund for my Roth IRA. This approach will consistently outperform about 60-70% of all funds and take the worry out of your primary retirement savings program.
