My husband and I are looking into retirement funds. We have gotten some information on them and how much to start. We are thinking of just saving money in a cd first and when it builds up enough money go to a mutal funds. Is that a good plan? What should I look for in a Retirement Plan? What company do you feel has a better Retirement Plan?
2007-06-13 13:17:07 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
CD's are safe but low yeild. I would look int an IRA either through your bank or one of the many investment firms. Almost all will have plans which allow you to allocate percentages of your funds to different products. There is also a good deal of information to help you decide on how to invest. My 401K was with Fidelity and their website is very good. Previous 401K was with Legg Mason, very easy to track and manage your account online. I Currently also have an IRA with Charles Scwabb and have been satisfied with the options.
2007-06-13 13:33:14 · answer #1 · answered by Charles C 7 · 0⤊ 0⤋
Do an IRA though just about any bank or investment company. It's a mutual fund so your risk is spread over many different fields and it's an IRA--you get a tax break. Do some research on your own, don't trust what people are going to tell you what to do with your money on the internet.
2007-06-13 13:21:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋