IRA's ...what do you think?

[Tom]

I could put in $6250 @ 10% for 38 years, deposit $1000 annually...

(so thats a $44250 total investment over 38 years)

and its projected* to yield $702,885.94 in 38 years (thats tax differed)

* = its high risk, but thats the projected path right now.

i'm going to look more into this, but those of you know about IRA's feel free to comment!

[Charles]

If you haven't done so already I would consider a Roth IRA... unless the rules have changed on those you put $ in after taxes however you do NOT pay taxes on the $ you earned when you pull it out.

Not too many places where you can make taxfree earnings on your dollar.

http://www.fool.com/news/commentary/2003/commentary030416.htm

If you have a company sponsored 401k plan with a company match thats the first place to dump $........ free $ > *

[moldyhands]

+1 to charles... definitely a roth IRA. basically tax free income on the flip side. too bad i make too much for those:( well, i guess not too bad:lol:

[RoadRacer]

damn, moldy is buying the beer next time. :lol:

I just converted a 401k rollover to a roth ira. Pay the tax now and take the money out tax free later.

[Rdline1]

roth is by far your best bet. pretty much if you find a good IRA i would put at LEAST 15% of your income into it per year. realistically, if you have a comfortable investment plan and stick to it, you really cant go wrong.

[_Charles_]

I need to look more into Roth IRA's. Hmmm....

Charles