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Dear Board,

I would like some advice from some of you out there that would know the best answer to my questions regarding IRA and Roth IRA's

I currently rolled over a employer 401K into a traditional IRA account. The investment mix is basically the same it was before now that it is rolled over. The largest amount of money invested is in my 401K rollover to tradional IRA.

Also, I have a Roth IRA that I opened before I did my Rollover with not very much money in it.

I am the 15% tax bracket, and want to save and contribute as much as I can so in 10 years I might be able to travel. *What would be an excellent investment strategy for me so I would have have enough funds to do so in 5-10 years utilizing my Rolled over 401k, and new Roth? Mind you, I would not be 59.5 in 5- 10 years.

*Should I just be contributing to the Tradional, to the Roth, or both and how much each?

*Also, what funds/amount can you take out of your traditional IRA after 5 years, *would that be a bad decision? *If not, how would I invest to be able to do so, *then, after taking out funds, what would be the best way to invest? *Also, if I were at a new employer with new 401K, could I roll my Tradional IRA into the new 401K?

Also, thinking about retirement, should I be contibuting the same amount to my IRA & ROTH in the 15% bracket? *What does it mean to be in the same tax bracket as when you retire? Does it mean you would be making the same amount of money as your Gross Annual salary withdrawing money form your IRA's? How is that determined?

I need some fine financial Guru help


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