where should I invest my Roth IRA to get good return and low fees for retirement?
where should I invest my Roth IRA to get good return and low fees for retirement
where should I invest my Roth IRA to get good return and low fees for retirement
There is no good answer for your question unless we know;
A. What is your current “Asset Allocation”?
B. What is your risk tolorence?
C. How long do you have till retirement?
D. How much do you need in retirement (adjusted for inflation)?
Your best bet. . . . don’t follow any suggestion given to you in “Yahoo Answers”. Read a couple of books. Read articles on investing. LEARN LEARN LEARN. . . . . . It’s the only way to do this right.
With the Econ. Projection, get out of bonds and stocks!
If the ROTH IRA is privately owned, go to a bank and puchased a ROTH IRA CD!
I am getting more than Bonds and Stocks are paying at today’s rate! Compounded Monthly!
Whereas, with the projected ECON. going into another recession and interest rates will raise, also, remember, we are headed into an election year, too which by now everyone should know the Rep. will not hold office the next term!
As such, ROTH IRA CD Rates will continue too increase.
First off. . . that Michael T guy has no clue what he is talking about.
If you want to go for low fees – vanguard is a good place to go. As far as returns – it depends on your risk tolerance. The more risk you take the more return you can expect. Once you determine your tolerance for fluctuations, you can determine where you need to invest.
I can recommend Fidelity and also E-Trade I. . . they both make the process simple and have sites where you can research various funds for your IRA.
As far as return goes, that’s up to you. . . you will have to pick a fund to place your money into. . . and that’s where research comes in. You will have to learn the difference between conservative and aggressive funds, the difference between stocks,bonds,trusts,etc. BUT all that can be learned as you go along. . . . number one is GET IN. . . it’s your money, your future. . . there will be good times and bad . . . but somewhere down the road you ( most likely) will be way ahead.
Start with some kind of ” balanced” or “blend” fund . . . after you see the rate that it grows at, you might be satisfied or you may want more. . . . with Fidelity you can exchange into other Fidelity funds with no fees, so that’s a plus.
While your money is working spend a little free time on the computer and see what you can learn. . . compare some funds for performance, for ratings, and such.
It is not as complcated as it sounds, and when you see how easy it is and the benefits that can be had, you will be on you way.