No. of Recommendations: 0
I am an ordained minister and I am exempt from Social Security and considered self
employed. I am a recent home owner (means I own a mortgage). I have 20k in
securities. Married; empty nest and 46 years old.

I do NOT have a retirement plan. Should I look into a Roth; SEP IRA or a 401k???
Or is there anything else available.

An index mutual fund is a very good idea for the reasons you gave.

A 401k comes from your employer. If your employer has one an does some matching go with the 401k. If you are not a good saver, go with the 401k even if there is no match.

The IRA or ROTH choice depends on your view of the future. Based on your incomplete information I would go with the ROTH. However, the regular IRA would give you some tax savings today and maybe you could get the 100 up to 115 or 120.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.