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Investing/Strategies / Retirement Investing
|Subject: Confused Newbie||Date: 5/26/2004 11:13 AM|
|Author: Rookieloo||Number: 41095 of 81334|
Disclaimer: I'm a brand spanking new member, and did my duty by checking past posts but couldn't find a similar thread. My apologies if this has been discussed ad nauseum.
Here's my confusion. My husband and I are newlyweds, and by definition, are now finally getting serious about investing for retirement. We'd like to open an IRA. Now, I like the flexibility of the RIRA, and we more than qualify right now income-wise. BUT we're on a track where that will change sort of quickly (within 5 yrs) and we won't be eligible for too terribly long. I realize it makes sense to have both. Problem is, we can't afford to open both right now. Which is best first? The Roth while we're eligible, or the traditional?
Thanks in advance!
TRADITIONAL girl, or fROTHing at the mouth
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