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Author: wcfenton Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75378  
Subject: Re: newbie Date: 11/30/2004 6:06 PM
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hep1974...

i just recently turned 30 and married for almost 6 months now. it's time to put some money away for retirement and save up for the future. i'm a total newbie when comes to this stuff so be patient. i'm just about to open a roth ira for my wife and i. i have several questions regarding retirement. i have read many of the articles on fool.com, but my questions are more specific.

1) which company is the best to open an IRA account with? i'm leaning towards e-trade but will take any suggestions. i like the lack of fees and lack of minimum options to start an account.

2) after opening an IRA, it seems index funds seem to be the best thing to start with. i'm considered to be a low-risk taker. i want to invest in something that will bring solid long-term growth over the 30+ yrs. i do know eventually i will have to invest in some risky stocks. what's the general recommendation? which index funds have good returns? i kind of want to put my money in and don't worry about it for many years

------------------

Without knowing any more then you have given us - I would suggest that you take a look at Vanguard's Targeted Retirement Funds. They are a fund-of-funds in one package that are basically "Feed it and ferget it" investments:

http://flagship4.vanguard.com/VGApp/hnw/content/Funds/FundsVanguardFundsTargetOverviewJSP.jsp?Entry=spotlighton02

At your age, the Target Retirement 2035 Fund would probably suit you and your wife:

http://flagship4.vanguard.com/VGApp/hnw/content/Funds/FundsVanguardFundsTarget2035SummaryJSP.jsp

It holds the following Index Funds:

1) Total Stock Market Index Fund....64%
2) Total Bond Market Index Fund.....20%
3) European Stock Index Fund........11%
4) Pacific Stock Index Fund..........5%

It gives you instant diversification, no rebalancing - because it is done for you, and a low-fee Vanguard Index Fund. It can be opened in a Roth IRA for $1,000.

Regards,
Bill


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