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re: Is it bad to open an IRA through your bank..

Posted on 2/13/13 at 9:52 am to
Posted by WG_Dawg
Member since Jun 2004
87281 posts
Posted on 2/13/13 at 9:52 am to
That sounds like a little better idea than stepping to big leagues now. I did see on the vanguard site they have a 'target date fund', maybe I'll just do that instead.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/13/13 at 10:28 am to
"Target date" and "target retirement" funds are basically the same thing. Usually they are a mix of the firm's US stock and bond index funds. As you get closer to the target date the mix shifts more toward bonds.

This isn't perfect (there's a lot going on in the world besides just US stocks and bonds) but IMO it is pretty reasonable for those who have no idea what to do.
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