Roth IRA 101: Plan For Your Retirement

Comments

1. Stock Tips says:

   May 16, 2008 at 1:08 am

   Most successful independent investors make their own investment decisions using cost-efficient online investing. There is no real reason to pay “full boat” commissions to brokers who simply take up your time and provide out-dated advice.

   Reply
2. Tarik says:

   May 20, 2008 at 12:17 pm

   I couldn’t agree more. Sometimes I still wonder why I invest with Fidelity. It costs 4x as much as Zecco or Tradeking, and I make most decisions on my own….Maybe I’m too loyal

   Reply

Trackbacks

1. Create Successful Investing Plans - Investor Trip says:

   February 10, 2007 at 2:39 pm

   [...] Let your age play a role too. The younger you are, the easier it is to rebound from losses. This part of the equation is vital for baby boomers. DO NOT INVEST YOUR RETIREMENT IN ANYTHING BUT YOUR RETIREMENT. Baby Boomers want low risk, capital preservation stocks and/or funds. Remember: you can take out a loan on a car, education, house, or vacation, but cannot take out loans for retirement. [...]
2. Top 5 Performing International ETFs @ Investor Trip says:

   February 11, 2007 at 12:52 pm

   [...] The Sun has a point. Emerging markets are more volatile than well established markets, and since my exposure to foreign equities is quite limited, I’m eager to reduce my risk as much as possible. Although I disagree to owning ETFs over stocks in your high risk portfolios, they would be a smart investment for my Fidelity Roth IRA. ETFs incur lower expense ratios than traditional mutual funds, yet trade like stocks. The unique characteristics of the ETF allow investors to diversify risk as mutual funds do at a cheaper cost. [...]
3. Retire Rich in 10 Steps - Investor Trip says:

   February 12, 2007 at 4:05 pm

   [...] 3. Rollover Your 401(k) into a ROTH IRA – now that you’ve calculated your annual retirement expenses and started investing early, you now need to take advantage of your job’s 401(k) matching policy. Let your existing job match as much of your contributions as it can, then rollover those savings into a Roth IRA if you switch jobs. Don’t make the mistake of cashing out your contributions because those paid earnings are taxable. Not only will you lose a chunk of your investment, but you give up any compounded interest that money would have earned until your retirement year. You want to keep your money where it earns the largest return and stays tax-deferred. [...]
4. Portfolio Update: Added to Roth IRA account - Investor Trip says:

   February 25, 2007 at 5:32 pm

   [...] I added another $200 to my Roth IRA account this afternoon. Since opening an account with Fidelity this summer, I’ve invested nearly $1,000 in the Fidelity Freedom Fund 2050 (FFFHX). [...]
5. Save More Cash to Invest More Money - Investor Trip says:

   March 23, 2007 at 2:09 pm

   [...] America debit card was my worst enemy, for it gave me the power to spend, not invest. Except for my Fidelity Roth IRA, I completely neglected most of my investments because all my excess cash went towards my [...]
6. 2006 Roth IRA Contribution Deadline Ends April 17th says:

   April 16, 2007 at 2:47 pm

   [...] wrote a few entries in the past of how the Roth IRA works and where to open your Roth [...]
7. Protecting yourself from retirement tax burdens says:

   September 5, 2008 at 1:13 pm

   [...] those who might not qualify for a Roth IRA, the Roth 401k opens some doors. Roth 401ks have no caps on income and allow a contribution of up [...]
8. Is a Non-Matched 401k Worthwhile? says:

   February 8, 2009 at 9:56 pm

   [...] IRAs are very similar to a no match 401k, except for a greater variety of investment choices and vehicles to help power your financial future. Unfortunately, IRAs do have strict limits of $5000 for investors 49 and below, and $6000 caps for investors above the age of 50. (These are the 2009 limits and will be subject to change pending the current inflation rate.) The 401k programs offered by your employer has much higher limits, with as much as $16,000 per year for investors under the age of 50, and for those over 50, a maximum contribution of $22,000 per year. After exceeding the income limit for traditional IRAs, consider a switch to a Roth IRA, as you’ll be forced to invest after tax, but will enjoy the handsome rewards in the future when your withdrawals are no longer taxed as income. (Tax rates will inevitably be higher in the future than at present.) [...]