Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Need some advice....where to put the $
Old 11-24-2009, 08:02 AM   #1
Full time employment: Posting here.
citrine's Avatar
Join Date: Mar 2007
Posts: 944
Need some advice....where to put the $

I have some money from birthday and graduation...$2000 that I need to put in an account and I am not sure where to put it.

Fidelity: 401K, pension
Neuberger/Berman: Roth IRA, IRA, Focus/Partners/Guardian Equity Fund Series

I am thinking of opening up a Vanguard account but am not sure if I should do the Target Retirement or not. In addition to the 2K, I will have 200/month to put it that account. Currently, I don't have a 401K with company that I am with or health insurance, so I am paying out of pocket/savings for both of them. The owners are looking into both of these things and would not be able to offer it until summer of 2010. I have already not contributed anything for the last ten months due to school and career change. I did send $1500 to the Equity Fund series last month after paying bills.


citrine is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-24-2009, 08:36 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
Join Date: Aug 2006
Posts: 12,483
Put it in a Roth IRA. I am not a fan of Target Retirement Funds in general. Since you are dollar cost averaging going forward, I would put the $2000 in one fund and build out over time into different asset classes..............

Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-24-2009, 08:46 AM   #3
Moderator Emeritus
W2R's Avatar
Join Date: Jan 2007
Location: New Orleans
Posts: 40,174
Adding to what FD said, I think that since most Vanguard funds have a $3,000 minimum, I would choose the Vanguard "Star Fund" which is a balanced fund with a $1,000 minimum.
5/17/2018: Retired a second time, this time from my volunteer Admin duties. After 10 years of being on the team, and 40,000+ posts, the time just seemed right. It has been such fun to work with all of our Mods and Admins and I plan to stick around as a regular member.
W2R is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
How much do you put away? Scout Young Dreamers 92 04-30-2007 03:24 PM
Need Advice - Where to put $$$ in ER? snowbird FIRE and Money 2 04-24-2006 09:26 AM
RE put on hold.. gravesend Young Dreamers 4 08-11-2005 05:29 PM
Everybody put down your guns... dory36 Forum Admin 20 07-30-2005 07:06 PM
So...where do I put my money? LRAO FIRE and Money 9 09-17-2004 07:40 AM


All times are GMT -6. The time now is 06:22 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.