No. of Recommendations: 0
Welcome hep1974, and congratulations on both your new marriage and taking control of your finances!

1) which company is the best to open an IRA account with? i'm leaning towards e-trade but will take any suggestions. i like the lack of fees and lack of minimum options to start an account.

In addition to e-trade, check out Ameritrade and Scottrade. I personally use Scottrade for the following reasons: $500 minimum for IRAs, no maintenance fees, free mutual fund trades, $7 equity trades, and, to a lesser extent, a local branch office.

2) after opening an IRA, it seems index funds seem to be the best thing to start with. i'm considered to be a low-risk taker. i want to invest in something that will bring solid long-term growth over the 30+ yrs. i do know eventually i will have to invest in some risky stocks. what's the general recommendation? which index funds have good returns? i kind of want to put my money in and don't worry about it for many years.

Indexing is a solid, proven method to invest. A couple of books you might want to check out are:

The Coffeehouse Investor by Bill Schultis (sp?)
Four Pillars of Investing by Wm. Bernstein
The Lazy Person's Guide to Investing by Paul Farrell

All 3 deal with the merits of index investing, and the last one is the most recently released book which compares the two aforementioned methods with a couple of other methods out there.

Good luck!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.