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I am 27 and self-employed. I am married and my husband is the main earner in our family, so my income is just supplemental, at about $20,000 a year. I am interested in beginning to put a little away each year in a long-term retirement plan, that I wont access until I am truly old :)

It just seems smart to begin doing this now, and let my small investments grow very slowly over many, many years. I need to know whether I should open an IRA (and which kind), a 401k, a Keogh, or what? Any direction at all would be greatly appreciated.


Does your job provide a 401k? If so, does it offer a company matching contribution? If so, then I recommend contributing at least as much to the 401k to receive the full matching contribution. Never turn down free money. Next (or if there is no 401k or company match), fund a Roth IRA up to $3000 this year and $4000 next year. Finally, if you have a 401k, consider maximizing your contribution.

Fuskie
Who acknowledges that this is very little direction...
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