No. of Recommendations: 0
If you hurry, you can still make a Roth IRA contribition for 2001 until April 15 (Monday).

Fools would suggest you give careful consideration to investing your Roth funds in an S&P 500 Index Fund. One of the best is Vanguard 500 Index fund, VFINX. So placing your Roth at Vanguard could be the way to go.

Other funds also offer index funds. You can also do SPY the S&P 500 tracking stock traded on the Amex. For that you would want a brokerage account--preferably at a discount broker. Most brokerages also offer mutual funds, but sometimes they have service charges. If you plan to trade stocks, a brokerage account is the way to go. Otherwise, a mutual fund account is likely to be more cost effective.

You credit union is likely to offer you CDs for your Roth IRA. That's not an especially attractive investment. Fools think you should be mostly invested in equities unless you have a very good reason not to.

Best of luck to you.
Print the post  

Announcements

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.