If your employer doesn't contribute to your 401K plan, you would probably be better maxing out a Roth IRA first, then putting any left over retirement savings you can afford in the 401K plan. The Roth is a tax free account forever one you have paid regular taxes on the money you contribute and don't take distributions prior to age 59 1/2.As for which should be a risker investment, I'm not sure. The Vanguard Index 500 fund though would be a good choice for either one or both.You can open a Roth virtually anywhere, but directly with a mutual fund company is probably the cheapest.Good Luck,Randall
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