Financial Tunes

Any Suggestions?! i'm planning to get a retirement plan (roth ira) under mutual funds, is this good or bad?

Hi, i'm new here about Plans, Investments... I need your suggestions.. i'm planning to get a retirement plan (roth ira) under mutual funds, is this good or bad? what's its advantages/disadvantages?

Public Comments

1. Open a Roth IRA account with Firstrade. They offer more than 10,000 mutual funds. No inactivity fee and maintenance fee, only low commission fees. Investing in a Roth IRA account, the earnings from investments are tax-free. I think this is the major benefit of it.
2. Roth is good as there are tax benefits. I can not say much on the mutual fund since I do not know what type do you have. But generally I support mutual funds, for you have some one who knows what their doing looking after your funds. However please watch out what kind of mutual fund your investing in, you do get high risk mutual funds.
3. invest in the S & P 500 and wait for the price of gold to come down also silver and real estate
4. Better to choose Exchange Traded Funds (ETF's) than mutual funds because of the lower fees. 80% of mutual funds don't beat the index, so why pay the higher management fees? You can go to ETF connect and see the many choices available that suit your risk tolerance and financial objectives. A Roth 401k plan might be best for you depending on your employment status which you didn't clarify. I was a financial adviser for 20 years and left the industry because I disagreed with much of what they tried to pass off as advice. You can read a free White Paper I wrote @ www.fedupbook.com/whitepaper
5. Take advantage of each opportunity future. Benefits such as tax deferral are substantial in their provisions. What this means is you can defer paying current taxes on your earnings until the time you retire. Paying them after retirement puts you in a lower tax bracket which in the long run, is more economically sound. Using investment vehicles, such as 401(k) plans or individual retirement accounts (IRAs) are also valuable in our efforts to provide for a healthier future. Try to stay current with any other form of investing which will accommodate your golden years. Putting aside just 15% of your gross income, if you start at a young age, can provide you with the future you envision.