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.
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