my mom gave me $10,000 as a gift and am wondering the best way to invest it, whether it is long term, short term, CD or IRA - maybe ROTH.. not sure what is the best? i have my pension in stocks but am not comfortable even to risk 10K on my own. i am married, living in NJ and we make less then $70k.
i am leaning toward ROTH, but am not exactly clear on it, can i just put in the $10,000 or do i have to contribute EVERY year?
thanks
2007-01-25
05:55:43
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13 answers
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asked by
a dork
3