The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  IRA or Savings Date:  12/3/2003  12:15 PM
Author:  Aubiemoney Number:  38032 of 101508

I would use my brokerage account for savings that would not be used for at least 7-8 years. It seems like a good idea to me to start an IRA rather than a normal brokerage account and be able to save on the tax-free accumulation..if I need the money I can still take out my principal tax free and without penalty. I have an account with scottrade for around 3,000 and would like to just use the vfinx fund for the IRA. Does this sound like a good savings strategy.
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us