No. of Recommendations: 0

Just out of curiosity, how does one NOT entrust their money to someone else without putting it all under the mattress?

Well, you can direct how it's invested on your own, of course.

Within an IRA, one need not go nuts and day trade (hopefully not), but, if you have a modicum of intelligence and some studying under your belt, do some due diligence before buying or selling, and have a reasonably low commission rate to work with, you CAN do SOME trading and/or investing on your own within an IRA or 401k, with no fear of dealing with capital gains or any other taxes, until you withdraw any of it.

Paying attention to what is happening to one's money can be as active or as passive as one cares for it to be. One can day trade with one's retirement money or one can sit back and watch it grow like the grass with an occasional mowing. Or anywhere in between.


You've got it right there!

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.