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Registered
Join Date: Mar 2003
Posts: 10,322
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roth ira investment help pls
So unknown to me, my mom started a roth ira for me a few years ago, and its got ~ 10k cash sitting in it.
I need to call the ML folks and tell 'em what I'd like done with it. I'm 41, and am vested in the "good" part of the state retirement system, have 15 years in and plan on staying in for the rest of the ride... Suggestions?
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“IN MY EXPERIENCE, SUSAN, WITHIN THEIR HEADS TOO MANY HUMANS SPEND A LOT OF TIME IN THE MIDDLE OF WARS THAT HAPPENED CENTURIES AGO.” |
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Bollweevil
Join Date: Dec 2003
Location: Fulshear, Texanistan
Posts: 3,361
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How does your mother start a Roth IRA for you? I thought the contributions to Roth or any IRAs had to come from earned income or converted from a traditional IRA.
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Jack 74 911 Coupe 2.7L - K21 Option - S suspension |
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Registered
Join Date: Mar 2004
Location: Los Angeles
Posts: 17,357
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I think if you have money in your pocket, you can throw it into a Roth IRA. Unless you make over a certain amount a year. SEP IRA for the self employ .
Last edited by look 171; 05-11-2012 at 08:49 PM.. |
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Registered
Join Date: Nov 2007
Posts: 6,274
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Continue to fund it.
Educate yourself about investing for the long term and make it part of life long wealth building. Check out Vanguard.com Check Bob Brinker .com All the best. |
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