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What to do with Retirement?

What to do with Retirement?

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Unread 08-20-2014, 08:08 AM   #1
and you were wondering??
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What to do with Retirement?
I have a bit saved at my workplace.

I am leaving but want to keep the money somewhere as a retirement account. I have heard a lot about Roth IRAs, index funds, and mutual funds. Not sure what to go with...

I would love for it to make a little money still, as I wont be able to put anything in for a while...

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Unread 08-20-2014, 08:24 AM   #2
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Roth's are pretty solid because likely taxes will be higher when you retire than they are now.
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Unread 08-20-2014, 08:27 AM   #3
and you were wondering??
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Roth's are pretty solid because likely taxes will be higher when you retire than they are now.
Oh cool, so Roth's aren't taxable when you take it out eventually?
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Taylor, you just got drive-by theologied.
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Unread 08-20-2014, 09:25 AM   #4
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Exactly. They are taxed now, so that they won't be taxed later.
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Unread 08-20-2014, 02:12 PM   #5
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My retirement prep consists of eating a little bit of dog food each day now so I am use to the taste when I retire!

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Unread 11-20-2014, 05:10 PM   #6
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My retirement prep consists of eating a little bit of dog food each day now so I am use to the taste when I retire!

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Hey!!!
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Unread 11-20-2014, 08:20 PM   #7
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IRA, Roth IRA, 401(k), etc. are not investments in and of themselves, but tax treatments.

Investments are things like mutual funds, index funds, bonds, etc.

When I moved employers a year ago I rolled over my 401(k) (with 100% vesting...FTW) to a traditional IRA. I went with LKCM Aquinas Funds as they are screened according to the US Conference of Catholic Bishop's Socially Responsible Investing Guidelines. I have since opened a Roth IRA there to resume my savings.

Roth is the best, especially if you are in the 15 or 25% tax bracket...better to pay 15% now than who-knows-what in 40 years when it's time to withdraw it. It's possible the government could change the rules and find a way to tax Roth savings, but there'd be riots in the streets.
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