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re: Schwab Traditional IRA Advice

Posted on 2/1/24 at 10:08 am to
Posted by AFtigerFan
Ohio
Member since Feb 2008
3273 posts
Posted on 2/1/24 at 10:08 am to
quote:

How old are your kids?

10-12
quote:

How do you know you won’t need it?

I could live off my current pension if I wanted to, but I decided to take another full-time job since I love the work. I'm working on my 2nd pension with this job. My children's college expenses are already covered so I don't have to worry about that part.
quote:

I would detail what this money is for and make sure you know what it’s for. That is the key for your investment allocations.
I'd like a pretty safe growth plan with the intention of this being an inheritance for my children.
Posted by TJack
BR
Member since Dec 2018
1421 posts
Posted on 2/1/24 at 10:38 am to
IRA Trust
Low cost index funds
This post was edited on 2/1/24 at 10:43 am
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