Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: docpm Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 294  
Subject: Need info on IRA's Date: 7/27/2009 11:20 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
First time poster. I couldn't find any thread on IRA's which baffled me. I am trying to figure out the best IRA for me. My income is above 100K so I don't think I am eligible for a Roth IRA until 2010? My situation. My income is significant and I realize I am destined to work into my mid-70's, typical for psychologists. I have no IRA's but have a CALPERS pension of $24k per year that started already with free dental and medical. My investments are limited to money markets and high yield online savings. I want to put all savings (around 70 to 80k) into investment/retirement vehicles. Iunderstand that at my age they may be liguid if I ever wanted to buy a home afterall.

Question.. I've been told to open an IRA and then put S&P 500 Index funds in it. #1) which IRA #2) since conservative needed is s&P 500 the safe bet? #3) with whom? Vanguard directly? someone else?

I know this is a lot at once, but since I decidated to invest and not buy a house, and the market is doing better, I want a place to invest my money and keep adding money at a significant monthly rate.

thanks
docpm
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

U.S. Stable, Europe Stalling
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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