UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: OrlandoBob Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76883  
Subject: What Should A Fool Do? Date: 7/4/2000 6:25 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I am currently depositing $95 per week into my deferred compensation (457) plan through the City of Orlando. 100% of these funds are being invested in the S&P 500 Index.

My question is; Would I be better off opening a self directed Roth IRA and contributing funds there? Should I continue to put something aside into my 457 plan, or direct those additional funds to our joint stock account?

I was attracted to the deferred compensation program because of the amount of money that could be contributed each year, 25% of your income or $8000, whichever is greater.

Please give a Fool some Foolish advice.

Fool on!
Orlando Bob

P.S. Please be kind enough to e-mail me, as well as post, your advice so that all may share in these responses.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Supernova Explorer 1

The Follies of Market Timing
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.