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I want to invest some money into an IRA, what kind should i invest in? |
I want to invest some money into an IRA, what kind should i invest in? Depends if the money you're investing in before taxes or after taxes. A traditional IRA uses money before its been taxed. Contributions to a Roth IRA are funds that have already been taxed. The benefit to the Roth IRA is that you can withdraw when you want without penalties. I recommend the Roth IRA. This isn't the best place to ask about investments. Please check with a financial adviser. IRA"S (Roth as mentioned and mutual funds are great. Make sure u diversify your investments. I use to be a financial advisor but legally I gave u all the advise i can :) Please be safe with your money and look into a qualified financial advisor My recommendation is that you open an IRA Account with Charles Schwab. Charles Schwab will advise you on your initial contribution. A Charles Schwab IRA Account gives you the freedom to choose what stocks you want to buy and sell. You can do your trades either You might want to check out a Roth IRA growth stock mutual funds I started my partner on a roth about two years ago through buyandhold.com. i think its a 50 $ a year fee though. |
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