I'm still a little confused. I currently participate in my company's 401(K) plan and have approx. $150,000 accumulated. I have a separate investment account with Smith Barney with approx. $40,000 in it. Would there be any advantages in opeing an IRA or ROTH? I realize with the IRA I won't be able to tax defer the $2000/yr from my taxes. Should I open a ROTH? I've also recently opened an account with Datek and sold one of my mutual funds from Smith Barney ($4000) to start investing Foolishly. Any suggestions for managing my money better? Also, I'm almost 42 and would like to retire (more or less) in about 15 years.
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