UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: suebug Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75890  
Subject: Where to Put Roth IRA Date: 12/26/2000 10:08 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
If this post is a bit long-winded I apologize in advance. My husband and I have an AGI of about 36,000 a year. He is a full-time dad and I am a teacher. We are both 33 and have two kids -a six-year old and a three-year old. I have recently begun contributing to my 403b plan (Vanguard index funds- I'm still a bit hesitant about the stock thing), but it only has about 4,000 so far. My monthly contributions are pretty high - around $500. I have a traditional IRA (5,000) in a cd right now. We have about 30,000 in mutual funds (again-most of it is in Vanguard 500 index) earmarked for college and 45,000 in CD's. We have 78,000 left to pay on our mortgage, but no other debt.
I want to open a Roth IRA for my husband. I think I should look for a more aggressive fund than an index fund since the risk is more tolerable with this money, and the Roth is more favorable for investments that might produce more tax liability. I would like to stick with Vanguard because I am comfortable dealing with them. Does anyone have a suggestion for a type of fund I should be considering for this investment? Perhaps I shouldn't even be considering it at all? Thanks for your input.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement