The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/hi-we-have-finally-paid-off-our-credit-card-14480260.aspx

Subject:  Re: choosing a retirement plan Date:  3/5/2001  7:30 PM
Author:  rjm1 Number:  28287 of 72265
Hi,

We have finally paid off our credit card debt.

Now we are thinking about setting up a retirement plan. We are self-employed.

I have looked over various plans and I am thinking about a SEP, but I am also thinking about setting up a Roth IRA for
each of us in addition. I am planning to just keep everything in index funds, probably Vanguard.

Does anyone have experience or opinions to offer?

Sounds good.

I like the SEP because you can put more in than an IRA.

I like the ROTH because all earnings are tax free.

Max out the ROTH them go to the SEP
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us