 Please help me? |
| Is it proper to purchase stocks in a shoe company that uses child labor in developing nations to manufacture its product? why or why not?... |
|
 Is gold worth the investment these days? |
| I have been looking at some cool gold coins, and I have always wanted to collect them like Scrooge Mc Duck and go diving into them some day...is it worth it to start collecting these days or will the ... |
|
 I need a good money making scheme. Any suggestions? |
| Is there a way to make money with stocks whether they are going down or up? I don't have the time to constantly monitor the market, and i have talked to people who have had bad experience ... |
|
 Is it worth making a very small investment with these fees? |
| My bank offers an investment account with no maintenance fees, but I have to pay 10$ for purchasing a stock, and $10 for seliing it.. It seems a bit much, but even though they allow you to keep an ... |
|
 Help! What should I invest my money into that will produce the greatest return? |
| I'm 20 years old and currently in college. I want to start investing now for retirement. Currently I have 3,000 that I want to invest. After that, I would like to invest a few thousand every ... |
|
 Why must stock holders pay taxes on dividends? |
Correct Answer = 10 points!
Please & Thnks!... |
|
 First correct answer gets best answer? |
| According to the Mortgage Bankers Association, borrowing costs on 30-year fixed-rate mortgages averaged how much last week? 8.75%.4.75%.6.22%.5.80% and the european patent forum kicks off today in ... |
|
 The stock market? |
yea im young like 16.lol
but my dad has made alot of money in the stock market.
i dont really understand it.....but i would like to.
does anybody know any websites or ... |
|
 How much is gold currently per gram? |
| Say the $gold index is at 1000 (to make things simple). How much is the gold today. Is the 1000 meaning $1000/ounce? per kg? Thanks in advance....... |
|
 Any new investment ideas? |
| Looking to invest-prefer that it be in American companies, but I'll take other countries as well. I'd like to invest in newer companies.... |
|
 What are you supposed to do with your 401k after you leave your employer? |
| I recently started an internship for a company that offered a 401k program so I decided to get a head start on retirement and invest. However, I am entering graduate school in the fall and will no ... |
|
|  |
golfergoddess | How much interest is gained on a Roth IRA? |
Hi... I am 22 and I am thinking about starting a Roth IRA. I've been told that a Roth is better than a CD or a savings account, but i am wondering how much interest is gained annually on a Roth ( excluding the mutual funds and other options)
Additional Details
I probably have investment terms mixed up as you can tell.. but i do intend to be in the higher tax bracket.. i'm currently in grad school but am making a good amount of money at an internship , but i'm not offered a 401k. In about a 1 1/2 i will work for a company that does offer a 401. So i want to put as much money away as i can before then so i can take it out to buy my first house penalty free. With that being said is a Roth a better option than a traditional IRA |
 |
 
Scott P
 |
Yikes!!!! You are scaring me. Don't ever borrow on a Roth IRA. When you change jobs, not if you change because we know you Will, any loan Will become due and payable. At your age you should invest in stocks but mutual funds would be the best. They have managers that watch your fund and make the decisions for you. That is why they are paid the Big Bucks. If you think you are smarter than those fund managers think again. Invest only in funds that have a track record of 10 years or more. Check with Vanguard or Morning star. Both are excellent funds that have low expenses meaning the management costs are Less than one %. I have seen many people both extremely wealthy or just reguler Joes and Josephines all of which are living paycheck to paycheck who take out loans on 401k's and can't pay them back.
If you want to buy a house it is now a buyer's market and will only get better if you are a buyer and worse if you are a seller. My son bought a house in Minneapolis with a $9,000.00 forgivable loan/downpayment. The neighborhood is improving every year and it is in a nice location. Check with HUD, The interest is what you make it; S&P 500 averages 9 % per year.Learn the Rule of 72: Divide 72 by the interest rate and it will tell you how long it take to double your investment. So a return of 8% will double your investment every 9 years. Of course you won't get 8% every year as some returns will be less than 8 % and some will be more. Check out www.DaveRamsey.com. He has made me enough money to retire at 55. |
|
hottotrot1_usa
|
If you are 22, I would recommend stock mutual funds. The return varies from year to year. In an IRA, it grows tax free. |
|
tyucikas16
|
it depends on how/'where' you invest it
"better" is a loaded term. A Roth is not near as 'liquid' as a savings account
A standard IRA might be better than a Roth. "Your mileage may vary" but if your retirement income is in a lower tax bracket than your earning income, a Roth is not the best option.
Ask your financial adviser why this is ... if they don't explain it clearly, get a different advisor.
this is reality of mathematics and accounting |
|
$so fresh so clean$
|
A Roth invests in different ways. You only get interest from bonds, treasuries, and CD payments. You get dividends and capital gains from stocks. You could get an IRA CD and factor interest, but I wouldn't. But a Roth IRA is the best investment for retirement and long term savings. Withdrawals are tax free pending you're at least 59 1/2, owned for 5 taxable years, or you're using it for educational purposes. The contribution limit after April 15th will be $5,000 if you're under 50, which you obviously are. lol But contributions are taxed as ordinary income, still, the best investment. Good luck. (I think you mean return, not simply interest.) |
|
te144
|
Depends entirely on your investing acumen. Study up on the significance of the 'Roth'. |
|
bud68
 |
If you're new to investing, read "Investing For Dummies," one of the best starter books on the market. There is also a wealth of information available on-line about investing in general and retirement investing in particular. See money.aol.com, investopedia.com, etc. |
|
Tea Lady
 |
about 5% per year but you cannot withdraw much until you retire |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
7 | 27 minutes(s) ago
| | | |
7 | 36 minutes(s) ago
| | | |
7 | 3 hour(s) ago
| | | |
7 | 5 hour(s) ago
| | | |
7 | 10 hour(s) ago
| | | |
7 | 2 day(s) ago
| | | |
7 | 1 week(s) ago
| | | |
7 | 2 week(s) ago
| | | |
7 | 3 week(s) ago
| | | |
7 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
