So happy I found this and a few other websites that focus on retirement planning! I was truly lost until a few months ago when I decided enough was enough and it was time to get serious about taking control of my retirement. I wish I had done it years ago.
Now I am preaching to my two kids about the importance of EARLY retirement planning and especially the importance of compounding interest. And now my older DS, who just turned 20, is going to open his first Roth IRA!
He is in college full time, but is working every break and even on some weekends. He has no debt or student loans to pay off, so why not get a jump on investing in his future retirment? He is opening a Roth through Vanguard - Vanguard Target Retirement 2060 with an expense ratio of 0.18%. It is 90% equities/10% bonds. (2060 seems a long way away!)
Thanks to all you folks on this forum for opening my eyes and for providing your wisdom. Hopefully my DS will be way ahead 46 years from now.