Hi,My tax man called yesterday and after figuring out my taxes he suggested I open an IRA for my wife because she has no plan where she works and if I did he could get me an extra $700. in my return. Not a bad idea I figured, thats a 35% return on my money. It will cost me $1300 to get a $2000 IRA, finally Uncle Sam comes through and throws me a bone. I owe my tax man a lunch.Anyway, I work at an educational institution and after a number of years of putting money into TIAA-CREF I love the returns their Growth & Equity Index funds have netted me (28.9% and 25.6% annual average compound rate for the last 3 years). I checked and can open an IRA in my wifes name and have the availabily of the same funds my money is in. Great.I have just finished reading both "You Have More Than You Think" and "Rule Breakers and Rule Makers" back to back and loved both of them. I am considering not going with TIAA-CREF but instead going with a discount broker and starting possibly a Foolish Four approach. Any suggestions??The performance of The TIAA-CREF funds can be seen at :http://www.tiaa-cref.org/set-annprofs.htmlThanks, Gary
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra