No. of Recommendations: 0
jrr7,

You do know that an education IRA can only be used for higher education expenses for the account owner, right? [next year the law changes to allow any education expenses]

Yes I am aware of that. The account owner has 18 years until the funds will be necessary, at least for higher education.

Once you've chosen your desired allocation, you split it up among your accounts any way that makes sense. You're not being redundant; you're just using your cash to the fullest extent.

I appreciate your input regarding the various differences of risk. I will analyze the various accounts and allocate securities as appropriate. Thanks again.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement