Tykimeister
Recycles dryer sheets
- Joined
- Aug 21, 2008
- Messages
- 98
Hello,
I have been putting off starting an IRA for a while because of school loans, emergency fund, and even a little pure lazyness. Here is what I look like.
25 years old. Good health.
Single, never married, no children.
No loans at all.
No rent.
$9,000 emergency funds
Own car. Insurance is minimal.
I have about $4000 right now to kick into some form of investment. My father suggested starting a roth IRA and to do it before taxes are due so they can count for last years income.
I am interested in starting a roth IRA, but I don't know if I should start one at my local Wells Fargo. I've been with Wells Fargo for the past 8 years. Or should I go through another company. Maybe an investment firm that I can later in life use for buying stock, mutual funds, etc. Some suggestions on this matter would be appreciated.
What other options do I have right now that is ideal for my age? I don't plan on touching the money for 30 or more years from now. Are there other investment approaches I should be looking into other than a roth IRA? Or do I need to look into a traditional IRA?
The only other investments I have right now is my retirement from working for the state. They only take out $70 a pay period and don't match anything. I also have some savings bonds, but nothing that will hold me over for very long.
Some advice would be appreciated. Thanks
I have been putting off starting an IRA for a while because of school loans, emergency fund, and even a little pure lazyness. Here is what I look like.
25 years old. Good health.
Single, never married, no children.
No loans at all.
No rent.
$9,000 emergency funds
Own car. Insurance is minimal.
I have about $4000 right now to kick into some form of investment. My father suggested starting a roth IRA and to do it before taxes are due so they can count for last years income.
I am interested in starting a roth IRA, but I don't know if I should start one at my local Wells Fargo. I've been with Wells Fargo for the past 8 years. Or should I go through another company. Maybe an investment firm that I can later in life use for buying stock, mutual funds, etc. Some suggestions on this matter would be appreciated.
What other options do I have right now that is ideal for my age? I don't plan on touching the money for 30 or more years from now. Are there other investment approaches I should be looking into other than a roth IRA? Or do I need to look into a traditional IRA?
The only other investments I have right now is my retirement from working for the state. They only take out $70 a pay period and don't match anything. I also have some savings bonds, but nothing that will hold me over for very long.
Some advice would be appreciated. Thanks