No. of Recommendations: 1
RedRaider04 asks,

One more thing...

Roth? Traditional? Any thing else? I have checked out the "60 second guide" here at the fool, and it is a little confusing to me. I dont have what some would call an "income". I get a few hundred dollars a month, and a large chunk of that I invest. I didn't read the 60 second guide too in depth, but Ill check it out again. Any help is greatly appreciated! Thanks again yall!


You need to have wage and salary income to fund an IRA. If your "income" is a gift from your parents that doesn't qualify.

If you have a summer job, that qualifies for funding an IRA.

Personally, I'd go with a Roth IRA and a Vanguard index fund.

You might also find some useful information at my Retire Early web site, see link:

http://www.retireearlyhomepage.com/

especially, "Career Advice for Budding Early Retirees"

http://rehphome.tripod.com/careeradv.html

intercst
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