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re: $1500-2k, what to invest in?
Posted on 1/31/11 at 5:25 pm to lighter345
Posted on 1/31/11 at 5:25 pm to lighter345
Nah you don't. The only thing you cannot do is exceed the annual $5,000 maximum.
What you should do is take the 1.5-2k, put it in a Roth IRA, and then buy a low-fee Vanguard Index Fund. Any interest you earn will be tax free once you retire. Also, you can take out the principal without any penalty before the retirement period if you need to.
What you should do is take the 1.5-2k, put it in a Roth IRA, and then buy a low-fee Vanguard Index Fund. Any interest you earn will be tax free once you retire. Also, you can take out the principal without any penalty before the retirement period if you need to.
1
Posted on 1/31/11 at 5:27 pm to LSUtoOmaha
So I can't touch this until I officially retire correct?
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