Q. My daughter now out of college is working but her company does not offer a 401. She would like to start saving for retirement and wants to open a Roth IRA. She has $1,000 that she wants to start with and then she would contribute a small amount each month. She’s unsure of what investment it should go into. Do you have any suggestions?It’s never too soon to start saving and she is wise to considerBefore getting to investments, first let’s consider what kind of IRA she should choose.
“Traditional IRAs require distributions to begin at age 72 while Roth IRAs have no such rule,” she said. “The RMDs are considered income and must be reported on your tax return if the contributions were deductible in the year they were made.” Mott said the decision on whether to open a traditional IRA or a Roth is often based on whether the investor believes“For a recent college graduate, in the early days of a career, the likelihood is that today’s income tax bracket is lower than what it will be in the future,” Mott said. “This would tip the scales in favor of a Roth IRA.”target date mutual fund.
Bitcoin
Honestly… my mattress or closet or safe
Cash or puts on the S&P. With inflation exploding, interest rates will go much higher. Bond yields will go higher and become a lot more attractive to older investors, and they will sell stocks to buy bonds.