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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Should I open an IRA? Date: 2/18/2002 11:06 PM
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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:


especially, "Career Advice for Budding Early Retirees"


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