VIDEO ON MSN MONEY
too soon...its more that we should be afraid of the future actually arriving, then find we
did not adequately prepare.
"Pay yourself first" should always be the rule, not an exception or option.
I would suggest you take a look at some of Vanguard's ROTH IRA TARGET DATE FUNDS because there is no load fee and the expense ratio is ONLY 0.18%.
If you are paying 1.3% in fees - you are getting ripped off big time - and that means that over time, it can literally be tens of thousands of dollars in losses going to high "fees" (annual expense ratios and also the often hidden additional 12b1 fees). 1.3% is a joke!
The hole roth conversion hyp a few years ago, where our benevolent government allowed you to convert a traditional ira with favorable tax treatment was nothing more than a money grubbing scam by the DC-wall-street oligarchy. The wallstreeters clean up with fees they charge for the conversion and the DC slime gets a bunch of tax revenue.
Best to go with a traditional IRA that keeps government hands out of your pocket until absolutely necessary when you begin withdrawing as opposed to hading uncle sam a pile of your hard earned dollars to day, cross your fingures and hope they don't decide to take more later.....the fundemental question to ask yourself is: is the US government a trustworthy institution to partner with.........better think long and hard about it.
I started a roth IRA, of course the company I took it out with charged me 5%. I had stocks.
If I didn't make any money State farm still got their 5%.
redistribute that money as they see fit.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.