synyster said:What is the return rate on a ROTH IRA. For example if i put in 2 or 3 g's in at the beginning of the year(2006)....how much would it be worth in 2007 or hell 2020?
BookerTee said:man you have a million and one options for a IRA (or Roth) and each option will have a different rate of return. Generally speaking an IRA over time is expected to generate double digit returns.
ActivationWizard said:What are you looking to accomplish investment wise?
synyster said:Basically for the long term, I'm just looking to stack my money so i can live confortably when i retire. Starting in 2006 I want to do an IRA and 401K. For the short term I need to find a side business of some sort so i can net and extra $500-$1000 a month.
Heist said:Not neccessarily so ... double digit returns over time. If you have a dog sh*t stock or mutual fund ... you can make nothing in interest, or even lose the money you're contributing year over year.
synyster said:Basically for the long term, I'm just looking to stack my money so i can live confortably when i retire. Starting in 2006 I want to do an IRA and 401K. For the short term I need to find a side business of some sort so i can net and extra $500-$1000 a month.
ActivationWizard said:Roth IRA is non-qualified. 401k is qualified.
Limit for a personal retirement account is $4000 for 2006 if you are under 50. Max out your IRA for 05 till April 15th, over and above whatever your employer matches which is placed in your 401k. Both combined cannot have over 4k. If you have a spouse who does not work, you might be able to do 8k spousal and personal combined.
Roth IRAs are not taxed when the money is being taken out, but are taxed when they are being put in. The reverse is the case with 401ks and Traditional IRAs.
What you put in your IRA is up to you and your investment adviser. What matters is not timing the market but your time in the market. There are funds that have outperfomred the market overall, but have not done that well in the last 1/3/5 years.
A mutual fund is 1001% better than common stock, hence most of the big money is in mutual funds: Reasons being:
1)Diversification
2)Professional Management
To get qualified advice talk to a licensed agent.
ActivationWizard said:Roth IRA is non-qualified. 401k is qualified.
Limit for a personal retirement account is $4000 for 2006 if you are under 50. Max out your IRA for 05 till April 15th, over and above whatever your employer matches which is placed in your 401k. Both combined cannot have over 4k. If you have a spouse who does not work, you might be able to do 8k spousal and personal combined.
Roth IRAs are not taxed when the money is being taken out, but are taxed when they are being put in. The reverse is the case with 401ks and Traditional IRAs.
What you put in your IRA is up to you and your investment adviser. What matters is not timing the market but your time in the market. There are funds that have outperfomred the market overall, but have not done that well in the last 1/3/5 years.
A mutual fund is 1001% better than common stock, hence most of the big money is in mutual funds: Reasons being:
1)Diversification
2)Professional Management
To get qualified advice talk to a licensed agent.
LOL!!! PFS... Ain't with it! Back in the day before it was PFS they were doing something to help people... Now... I'll stop at that! "LICK"BoyJupiter said:So how long have you been with Primerica? LOL of course this is probably a wrong assumption but I work with agents all day. This is all that I'm hearing right now. We have so many idiots trying to put $6000-$10000 for current year contributions.
synyster said:Basically for the long term, I'm just looking to stack my money so i can live confortably when i retire. Starting in 2006 I want to do an IRA and 401K. For the short term I need to find a side business of some sort so i can net and extra $500-$1000 a month.
Automatic Wealth: The Secrets of the Millionaire Mind--Including: Acres of Diamonds, As a Man Thinketh, It Works, The Science of Getting Rich, The Way to Wealth, and Think and Grow Rich... They all are good! "LICK"SlimJones said:Now, I can address this. In the face of popular opinion, 401k Traditional/Roth IRA's or any type of defined contribution plan is the setup of the year. The stock market is all based on past performance and if you don't have a financial windfall or your financial intelligence is not up, it is like gambling.
Building a business, in my opinion is your best bet which is immediately followed by becoming involved in real estate. In these two mediums, you have control. You get to look at past performance, pick funds, wait on them to perform in the retirement plans to only have access at 59 1/2. No earthly idea how the market will look when you retire. Just ask the enron niggas an those who lost it all in the tech boom. Bottom line, somedoby else is managing YOUR money.
I contributed to my 401k like a champ, did my resarch and stopped doing it. I have invested in real estate and am attempting to start businesses. Take it from me, a former Primerica representative straight outta college. I recognized game quick and stopped feeding people that sheep knowledge.
You know what, I just noticed none of the information I gave you may have helped. You want to start a business, read this book by Michael Masterson called Automatic Wealth. If this book does not give you some form of insight, I don't know what will.
Makeherhappy said:Some of this stuff is wild. Some will suffer greatly.
THE BEST ADVICE: HAVE A FRIEND OR A LOVED ONE REFER YOU TO THEIR FINANCIAL ADVISER.
synyster said:What is the return rate on a ROTH IRA. For example if i put in 2 or 3 g's in at the beginning of the year(2006)....how much would it be worth in 2007 or hell 2020?
synyster said:What is the return rate on a ROTH IRA. For example if i put in 2 or 3 g's in at the beginning of the year(2006)....how much would it be worth in 2007 or hell 2020?
So how's your shit looking in 2020?What is the return rate on a ROTH IRA. For example if i put in 2 or 3 g's in at the beginning of the year(2006)....how much would it be worth in 2007 or hell 2020?
So how's your shit looking in 2020?
I was just searching old threads for some IRA info and came across this one and saw 2020 lol
Dat muthafucka spent that shit on
Six packs and stripper whores
Lol
So how's your shit looking in 2020?
I was just searching old threads for some IRA info and came across this one and saw 2020 lol
I can't believe how much of a rookie I sounded like asking this dumb shit . Needless to say my portfolio is going to have me retiring a wealthy man