i'm 19 and in the navy, looking to save some money for retirement the financial wizards here told me to look into a roth ira, sounds good, i just would like some input as to which company to go with.
2007-02-03 04:21:06 · 4 answers · asked by chaosclear117 2 in Business & Finance ➔ Personal Finance
There is no particular company that is consider the best. I open my Roth IRA through Primerica and only pay $20 annual custodial fee on it, which is deducted from my investments. They have excellent customer service and are able to answer any questions. Plus you can view your account online as well to track the gains and price history and any activities such as capital gain distributions and dividends. Though, you can do this with any financial company. I just prefer Primerica because they offer other services too.
Anyway, I currently have Legg Mason Partners Funds in my portfolio. I picked Aggressive Growth, Fundamental Value Fund, and Appreciation Fund. As you see, I stick with one company (Legg Mason) and not mix it with other companies like Van Kampen or Fidelity.
2007-02-05 15:30:02 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Good for you! You're a very wise individual - Roth IRA's are an absolute sweet investment. Where else can you invest $4,000/year and have the earnings grow tax free? I have been investing in Roth IRA's for 5 years now (since I got out of College). I've been doing it with an online brokerage firm...and buying diversified stocks and ETF's with the money. Good Luck :-)
2016-05-23 23:26:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A 2001 poll* asked savers and non-savers alike if they felt "very confident" about their retirement prospects. How would you answer that question? Do you have a savings plan?
The results of the poll showed that savers felt much more optimistic about their future than their counterparts who weren't saving at all. Take a look at how those polled answered the questions below.
Will you have enough money to:
Savers Non-savers
Live comfortably? 29% 7%
Pay for basic expenses? 48% 13%
Cover medical costs? 25% 8%
Some 60% of those polled felt "behind schedule" when it came to saving for retirement. If you feel behind, start saving today — it can do wonders for your outlook. Contact a Primerica representative for details.
2007-02-03 05:23:17 · answer #3 · answered by marystory2005 1 · 0⤊ 3⤋
I'd recommend one of the online brokerage firms -- Schwab, TD Ameritrade, E*Trade, etc. They don't charge any account fees, transaction fees are low, and you have many options for investmentment. Schwab and Ameritrade have branch offices in most cities if doing this in person makes you more comfortable.
2007-02-03 04:42:09 · answer #4 · answered by SDD 7 · 0⤊ 0⤋