Question:

I'm 21 and need investment advice. Anyone?

by Guest58276  |  earlier

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Say you're 21 years old. You have $2000 you could do without and you want to do something with that money for your retirement at age 65. What do you do?

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4 ANSWERS


  1. put it in a matching 401k savings plan or open a ROTH IRA at your bank


  2. If you want to start saving for retirement, you should open a Roth IRA account.  Earnings from Roth IRA investments are entirely tax free.  And, if you start now, you will be in great shape by the time you are 65.

    In order to start a Roth IRA account, you can open a brokerage account.  I currently use Firstrade ( http://www.firstrade.com/ ).  They offer no-fee IRA accounts so you don't have to worry about setup, maintenance, inactivity, or termination fees.  I've used Firstrade for quite awhile now and would definitely recommend them.  Be sure to check them out.

  3. set up a roth with mutual funds in it, for free roth accts I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

    http://friends.zecco.com/r/a7a2877caab81...

  4. chose  insurance or investasi for exp Invesment in Manager investasi...you can do it  

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