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I want to save some additional money for retirement. I have been exploring this site for several weeks, and have bought a couple of books on the subject, of course one of them was the Motley Fool book "You have more than you think" I have another couple from Suzi Orman, but I still have questions.

I have a fully vested pension fund with the teamsters. I am currently participating in my employers 401K where I am putting 14% of my salary (they match part of it, so will continue with that). My AGI for last year was 55,000 and I understand that excludes me from investing in a traditional IRA.

So now I am thinking about a Roth IRA and from what I have read, it works for me. I intend to leave the money in there until I decide to retire (God knows when that will be!) and regularly add to it.

It appears that I am limited to 2000 per year. Is that right?

I have about 3500 tucked away in a savings account and thought I would use it to invest in something that earns more than the 2.75% it is now getting!

After much reading, it appears that Index Funds would be a good vehicle for me as I am not yet comfortable with individual stocks.

I intend to open an account with a discount brokerage and am currently investigating the choices.

I would appreciate any thoughts.

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