How will the Fed's rate cut affect opening a Roth IRA?

My husband and I are looking to open Roth IRAs for each of us individually for 2007. We are 26&34. Is it better to invest in this before or after a rate cut if we are investing in a mutual fund type Roth IRA? Does it make a difference? Is it good to do it soon if the market it down because it will produce better earnings? Or does it have no difference wether you buy it because the market will be going up and down over the long-run. Just wondering if it's better to contribute this week or if we can hold off until we get our tax return to contribute more. We are new to investing, have low-income but want to get the ball rolling for our future. Thanks.

What happens with rate cuts this week, next month or the next makes no difference if you;re investing for the long term. Rates will change over the years. Design your retirement plan for your needs, so it can withstand the ups and downs of the economy. and change it when your circumstances change. Not when the economy changes. The sooner you start investing, the more you will have at retirement.

The rate cut makes no difference.

Open one ASAP!!
This is something you should have done when you two were 23.

The Fed rate changes will not really affect a ROTH, however, putting money into an investment during an economic slump will allow for a rgeat deal of wealth creation as it rebounds.

Tags

　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund 　　HYIP 　　High Yield 　　Hedge Fund

Related information

How do I account for this?

Debit Cash - Amount Received Credit B/S - Long Term Investment (the carrying amount on the B/S) Credit (if a gain) / Debit (if a loss) Income Statement the Balance(i.e. the difference between the...

Why does my brother refuse to get health insurance?

Unless a man is in pain, he does not want to go to a doctor. This is normal for males, stupid as it is. Most males believe that they can stand the pain if something happens. If they die all of a...

How do I retire in my 40s if my savings are tied up in 401(k) and Roth accounts I can't touch until I'm 59?

You can in fact make penalty-free (you'll just pay the regular income tax) withdrawls from your "tax-deferred" accounts as I understand current tax law; they just have to be structur...

Filing of annual IT return and uses of PAN card.?

If you want to know about PAN card, the Income tax department has provided a page in their website called PAN FAQs. I am giving you the link. You can click on it and read it. It will tell you eve...

If I didn't file taxes but my girlfriend use my tax credit from school funding like loans and grant?

Huh? Loans to pay for school are not income to you, but they *do* count towards your total support. Scholarships/fellowships/grants used to pay tuition don't count as income *or* support...

Bad Credit Loans (Subprime Personal Loans)?

Try Prosper (online). It's a micro-lender. You're on the edge, but may still get what you need. You're going to pay a high interest rate. Advice - if you do the Prosper loan thin...

Can someone help me or tell me how to invest a few thousands in stock and shares I am new and retired?

I can tell you this; don't get advice for something this important from Yahoo answers. Go to reputable investment counselor or better yet go to ten different ones. Then decide VERY carefully w...

I need help purchasing our first home...but don't want to get in over my head...?

Principal and Interest: $1,798.65 ($300,000 @ 6%, 30yr) Property Taxes: 150 (probably more, not familiar with CA taxes) Insurance: 100 (probably more, not familiar with area) PMI: 30-150( Depend...