Investing for retirement
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What I have to do is unique, but what I do do is available to everyone. I don't recommend skipping a 401K, but I do recommend getting your own investment account, even if it is just $1,000 and getting an Index Fund going for your own purposes.
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@scottalanmiller said:
What I have to do is unique, but what I do do is available to everyone. I don't recommend skipping a 401K, but I do recommend getting your own investment account, even if it is just $1,000 and getting an Index Fund going for your own purposes.
Do you think for us mere mortals of income
it's worth giving up the tax free growth from our 401K's to instead put post post tax dollars in a non tax sheltered Index investment account?
More specific, I put away nearly 20% pretax into the company's 401K, they match the first 4%.I could put only the 4% in the 401K to get the matching, and put the rest into a self directed IRA (for tax purposes, mortal remember
) Index investment. worth doing? -
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
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@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
I suppose you can get a traditional IRA from some banks, but I would guess that most investment firms would be able to do both. At least the big names.
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@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
Almost anywhere but I highly recommend Vanguard. Both famously the best Index Fund supplier on the market and just an awesome investment firm to work with.
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@scottalanmiller said:
@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
Almost anywhere but I highly recommend Vanguard. Both famously the best Index Fund supplier on the market and just an awesome investment firm to work with.
wanna give a shout out to a broker there?
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@Dashrender said:
@scottalanmiller said:
@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
Almost anywhere but I highly recommend Vanguard. Both famously the best Index Fund supplier on the market and just an awesome investment firm to work with.
wanna give a shout out to a broker there?
I don't use a broker, no need for one since I use Index Funds. Investing gets very difficult to make money if you need a broker as the broker fees are what cripple you. Index Funds are all computerized keeping the overhead way down allowing the investments to make money more easily.
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
Almost anywhere but I highly recommend Vanguard. Both famously the best Index Fund supplier on the market and just an awesome investment firm to work with.
wanna give a shout out to a broker there?
I don't use a broker, no need for one since I use Index Funds. Investing gets very difficult to make money if you need a broker as the broker fees are what cripple you. Index Funds are all computerized keeping the overhead way down allowing the investments to make money more easily.
So you just visit the website and open an account, never talking to a person? OK I guess that works.
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@Dashrender said:
@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
Almost anywhere but I highly recommend Vanguard. Both famously the best Index Fund supplier on the market and just an awesome investment firm to work with.
wanna give a shout out to a broker there?
I don't use a broker, no need for one since I use Index Funds. Investing gets very difficult to make money if you need a broker as the broker fees are what cripple you. Index Funds are all computerized keeping the overhead way down allowing the investments to make money more easily.
So you just visit the website and open an account, never talking to a person? OK I guess that works.
Yup, pretty easy
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
@dafyre said:
Also, where would be a good place to go to for doing your own Index funds... a traditional IRA account or something more along the lines of TDAmeritrade & ilk?
Almost anywhere but I highly recommend Vanguard. Both famously the best Index Fund supplier on the market and just an awesome investment firm to work with.
wanna give a shout out to a broker there?
I don't use a broker, no need for one since I use Index Funds. Investing gets very difficult to make money if you need a broker as the broker fees are what cripple you. Index Funds are all computerized keeping the overhead way down allowing the investments to make money more easily.
So you just visit the website and open an account, never talking to a person? OK I guess that works.
Yup, pretty easy
This could be a session at MangoCon!
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How to retire as an IT pro. Actually that's not a bad idea. So many IT pros work as consultants for a lot of their careers and don't have a single company or just one or two to manage these things for them. Worth considering.
