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| jdbailey1206:
Just a quick poll to see if anyone here has a Roth IRA and how they feel about it. I'm looking to get one for my retirement. |
| harveybirdman:
Depends. It basically defers the tax advantage. If it's more valuable to have the tax savings now, a traditional is better. If you want to take the money out after age 59 1/2 and not have a penalty then. Roth is a good vehicle. |
| pbj:
Please, please, please go talk to someone that does this professionally. If you're on any type of retirement program now, there is someone managing it that is sitting on his thumb and dying for someone to talk to. Do not listen to blathering idiots on an arcade board, and I say this as a blathering idiot that used to be on an institutional investment committee. |
| harveybirdman:
Jim is right, your bank probably has certified financial planners with much better advice than us. |
| BadMouth:
--- Quote from: pbj on October 22, 2015, 01:08:22 pm ---Please, please, please go talk to someone that does this professionally. If you're on any type of retirement program now, there is someone managing it that is sitting on his thumb and dying for someone to talk to. Do not listen to blathering idiots on an arcade board, and I say this as a blathering idiot that used to be on an institutional investment committee. --- End quote --- eh, I take the position that it's best to talk to someone who isn't going to profit from swaying you. Someone once told me to only work with a financial planner that gets paid by the hour and does not make money any other way. I'm yet to come across one though. (not that I've looked) Like harveybirdman said, it's whether you want a tax break on the money before you put it in or when you take it out. Read up and open it at the most reputable place with the lowest fees. ....never forget to figure out how much they are going to skim off you. http://www.fool.com/search/solr.aspx?q=roth ira |
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