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Author: jax4pres Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 294  
Subject: the best retirement investment-fund is? Date: 1/7/2000 12:59 PM
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I am 25, and am wondering at the best retirement fund to set up. How much money should I put into it? At what age will I be able to touch my money?

I am considering putting 10K into an index fund (S&P 500) and keeping it there until I turn 60 or so. What about taxes though? I know that an IRA will tax me now rather than later, but does that make it worth it?
I have read (not just on this site) that index funds are the best funds there are.

Or is any type of fund not such a good idea?

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Thank you in advance,

Jax4Pres
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Author: alfonsop Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 3 of 294
Subject: Re: the best retirement investment-fund is? Date: 1/7/2000 2:32 PM
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I know that an IRA will tax me now rather than later, but does that make it worth it?

Only a Roth IRA will tax you on the money before you put it in, and allow to be tax free during withdraws. Traditional IRAs give you a tax break up front and charge you income tax on your withdraws later.

Also, an IRA of either type will only allow you to put in $2000 per year, unless it is a roll-over from another retirement account.

Or is any type of fund not such a good idea?

If you want to just "set it, and forget it", then an index fund (or their stock-like cousins SPY for S&P 500, QQQ for NASDAQ) are the easiest way to make sure you "keep up" with the market.




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