roth IRA's

[ByRoN]

Tweetwho here has one? what do you thinki about them? i am looking to take my 401k and put it in one because my new job has no 401k!

[SUGARBABY]

TweetI have one - you probably can't put all of your 401k in it without a penalty - but you might have to ask a financial guy.

you can only invest $2500 or $3000 k a year I think.

[ByRoN]

Tweet4,000.00 a year is what you can put in them!

[mick-G]

TweetFor younger ppl it is a good long-term investment, but for someone like me 46yrs, i have a large amount in 401K i will think about getting a short-term annuity that is AAA rated by Morningstar. Iam looking at exact opposite of what you are looking for, i want to liquidate into short-term, high yield funds. Best thing like Sugar says is to get financial help, preferably not a broker, as they tend to be pushing their funds. I would first go to a good financial person at a large national bank, that has alot of experience in that area. Alot of good financial ppl are by "word of mouth". They will know about IRA's and also annuities. Make sure you find out the current interest rates and wheather they are fixed or variable also.

[Th3w0rld1sm1ne]

Tweet

4,000.00 a year is what you can put in them!

I thought it was 2k?? haha i've only been putting 2 a year in mine since i was 20, please tell me it's not 4.

Mine is with raymond james and i am gonna talk some sh!t if no one there ever told me that.

[president_fad]

Tweeti think of all them are different. Just check with your guy.

[TRAM]

TweetBYRON WHAT YOU WANT IS AN AGGRESIVE FUND LIKE JANUS OR WHAT EVER, PUT YOUR MAX IN EVERY YEAR AND YOU WILL RETIRE A VERY HAPPY INDIVIDUAL! YOU WOULD BENEFIT MOSTLY BECAUSE YOUR YOUNG WITH THIS ACCOUNT.

[T-Man007]

TweetI use one and yes, the max has went up. It used to be 2k but not its at 3.5k or maybe 4k. They say the max will be 5k which is much better than the 2k original max. I put in 300 a month right out of my account and mine is making money but I have to stay on the idiots. At first it wasnt doing crap and I did some research interviewing other investors and told mine to get their act together or I would pull my money from them. They changed my whole strategy and it's been great the last several years.

[JsJs24]

TweetI have a roth ira and 401k. You can roll the roth over to 401 but not good decision because it is post tax contributions. As for rolling the 401k into it, I am not sure. I would leave the 401k in and let it grow but if you cannot do that then call a mutual fund company like Vanguard and ask them. The maximum contribution for roth is 4k per year now and will go to 5k in 2007 I believe.