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Learning, Sharing, and Teaching => Investor Alley => Topic started by: kookiekat02 on March 08, 2017, 01:35:49 PM

Title: Where should I put my Roth IRA?
Post by: kookiekat02 on March 08, 2017, 01:35:49 PM

Hi everyone!  I am a first time poster but am hoping you can all help me.  I currently have $1000 in a Roth IRA in my local credit union.  The APR for the account is 1.01%.  I was hoping you all might help direct me to a better place to grow my account.  I am not offered a retirement account through my job (part-time worker bee).  I am also opening a small craft business this year and am considering opening a SEP IRA in the next couple years.  Please let me know your thoughts.  Thank you!

Title: Re: Where should I put my Roth IRA?
Post by: dandarc on March 08, 2017, 01:38:02 PM

Consider a solo-401K for your small craft business.  You can defer more at a lower income vs a SEP-IRA.

Vanguard Target Retirement funds have $1,000 minimums.  You could start there, and either stay or move to a slightly more efficient 3 or 4 fund portfolio once you have enough dough.