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.
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