Retirement
Opening a Roth IRA on a Budget
A reader recently asked me about starting a Roth IRA with a minimal opening amount (less than $500), and I think it’s a good question. Most of the major companies expect you to have a substantial initial investment (usually 2-3k), so what can someone who doesn’t have that much do?
It doesn’t seem fair to indirectly [...]
2006 IRA Investment Deadline - April 17, 2007
If you have an IRA (and you should!), the deadline for contributing money allocated for 2006 is April 17, 2007. After that date, any money that you invest is considered an investment for 2007.
I have both a Roth IRA and a Traditional IRA, but right now I’m only contributing to the Roth. I have [...]
My Current Retirement Fund of Choice
Vanguard Target Retirement 2045 Fund (VTIVX)
As I mentioned previously, I recently moved my Roth IRA from American Funds to Vanguard. When I transfered, I placed all my money in the Vanguard STAR Fund (VGSTX) initially, which only requires a $1,000 minimum. Recently I contributed enough money to break the $5,000 mark, and this was my [...]
Roth IRA Transfer
Today I transferred my Roth IRA from American Funds to Vanguard. Why, you ask? It’s simple. There is not much money in it, but the idea of paying a “load” sickened me.
What is a “loaded” mutual fund?
A “loaded” mutual fund is one in which you pay a percentage of your investment as a commission [...]
