Roth IRA strategy for young person
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Thread created 01-09-2012 by IvoryCadenza
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6 Replies
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What about target date retirement ETFs? Are these worth a look, or should I just pick a whole market ETF? Looks like Ameritrade offers this target retirement 2050 fund.
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Roth IRA strategy for young person
Expired
Thread created 01-09-2012 by IvoryCadenza
+1 Score
6 Replies
2,044 Views
If it were me I'd open a Roth IRA with Vanguard and fill it with their target retirement fund. Vanguard offers the lowest fees in the industry.
Roth IRA strategy for young person
Expired
Thread created 01-09-2012 by IvoryCadenza
+1 Score
6 Replies
2,044 Views
With $2,000 open up a Vanguard RIRA and put it in Vanguard Target Retirement 2030. It sits at 56/24/20 Total Stock Market/Total Intl Stock/Total Bond. Overall 80/20 stocks to bonds. If you want to be...
Roth IRA strategy for young person
Expired
Thread created 01-09-2012 by IvoryCadenza
+1 Score
6 Replies
2,044 Views
Buy an ETF for the Total Market until you have enough cash (and knowledge) to diversify into individual stocks. With only 2K, you'll lose most of it in comissions trying to spread it around.
Roth IRA strategy for young person
Expired
Thread created 01-09-2012 by IvoryCadenza
+1 Score
6 Replies
2,044 Views
I just got into investing. I'm a grad student who will be finishing school next year and I have an emergency fund and have some money to invest. I've opened a Roth IRA with TD Ameritrade but not...
Roth IRA strategy for young person
Expired
Thread created 01-09-2012 by IvoryCadenza
+1 Score
6 Replies
2,044 Views
Ivory, just so you know I started my IRA Roth account right at your age now. I'm 26 now and have been with Vanguard since. I started out on a different path but later went into a 2050 target...
Roth IRA strategy for young person
Expired
Thread created 01-09-2012 by IvoryCadenza
+1 Score
6 Replies
2,044 Views
Be aware that you need earned income to contribute to a Roth. If you contribute $2000 to a Roth for 2012 you'll need to show at least $2000 of income on your tax return.
