How will the Fed’s rate cut affect opening a Roth IRA?
My husband and I are looking to open Roth IRAs for each of us individually for 2007. We are 26&34. Is it better to invest in this before or after a rate cut if we are investing in a mutual fund type Roth IRA? Does it make a difference? Is it good to do it soon if the market it down because it will produce better earnings? Or does it have no difference wether you buy it because the market will be going up and down over the long-run. Just wondering if it’s better to contribute this week or if we can hold off until we get our tax return to contribute more. We are new to investing, have low-income but want to get the ball rolling for our future. Thanks.
Individual retirement account or arrangement is a financial
Individual retirement account or arrangement is a financial device to the retirees that provides tax advantages for retirement savings.
Senator Evan Bayh Announces His Retirement
Senator Evan Bayh announced he will not seek another term in office. The Democratic Senator from Indiana says he’s grown tired of the partisan atmosphere in Congress. David Catanese, political reporter at POLITICO talks about Bayh’s decision and what it means for Washington.