Comments on: IRAs: what’s the deal? http://www.welikemoney.com/2008/07/13/iras-whats-the-deal/ one young married couple's journey from spending it to saving it. Tue, 06 Jan 2009 13:16:57 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Carnival of Money Stories « Funny about Money http://www.welikemoney.com/2008/07/13/iras-whats-the-deal/comment-page-1/#comment-161 Carnival of Money Stories « Funny about Money Mon, 18 Aug 2008 05:00:58 +0000 http://www.welikemoney.com/?p=30#comment-161 [...] Tiffanie We Like Money IRA’s: What’s the Deal [...] [...] Tiffanie We Like Money IRA’s: What’s the Deal [...]

]]> By: CyberCelt http://www.welikemoney.com/2008/07/13/iras-whats-the-deal/comment-page-1/#comment-37 CyberCelt Mon, 14 Jul 2008 05:55:45 +0000 http://www.welikemoney.com/?p=30#comment-37 Go to the library and get a book on investing and one on retirement. Or, call a local AARP office and see if a retired person will help you. Do not call the IRS for they will just confuse you. The tax code changes every year, so you have to stay on top of things. However, at this time, you may deduct any fees you pay fund manager. Good luck. CyberCelts last blog post..<a href="http://feeds.feedburner.com/~r/AdvertisingForSuccess/~3/334034608/blog-your-blessing-relaxation.html" rel="nofollow">Blog Your Blessing : Relaxation</a> <blockquote> I think my problem is that I don't understand all the financial speak. It's the wording and language that really gets me all caught up in a mess. :( -Tiffanie </blockquote> Go to the library and get a book on investing and one on retirement. Or, call a local AARP office and see if a retired person will help you. Do not call the IRS for they will just confuse you.

The tax code changes every year, so you have to stay on top of things. However, at this time, you may deduct any fees you pay fund manager.

Good luck.

CyberCelts last blog post..Blog Your Blessing : Relaxation

I think my problem is that I don’t understand all the financial speak. It’s the wording and language that really gets me all caught up in a mess. :(
-Tiffanie

]]> By: Foxie http://www.welikemoney.com/2008/07/13/iras-whats-the-deal/comment-page-1/#comment-33 Foxie Mon, 14 Jul 2008 03:29:09 +0000 http://www.welikemoney.com/?p=30#comment-33 You can always transfer the IRA to another company for management, one that won't tack fees onto you. I like Sharebuilder's set up personally, as my teeny tiny IRA is with them and I'm free to make online transfers whenever I want. I'd recommend looking into Vanguard, as they are a very popular choice. (Unfortunately, I don't have the patience to build up the $3k required to open an account with them, so I started with Sharebuilder. I did, however, pick some of Vanguard's funds for my IRA anyways.) I'm very nervous about my own picked ETF's. I worry a lot that I haven't gotten the right ones or the right balance, but I can't spend all that time worrying! Time will tell how I did, whether it's good or bad. Short term, though, my picks aren't dropping like stones. :) If you don't feel confident with it, just do some extra reading on the subject. Investment skills are worth having these days, even if it's just for you! Foxies last blog post..<a href="http://feeds.feedburner.com/~r/DreamingOfFerraris/~3/333811017/link-love-splurge-edition.html" rel="nofollow">Link Love: Splurge Edition</a> <blockquote> Thanks for the advice! Somehow I ended up with both a Sharebuilder AND a Vanguard account. I'm hopeless. -Tiffanie </blockquote> You can always transfer the IRA to another company for management, one that won’t tack fees onto you. I like Sharebuilder’s set up personally, as my teeny tiny IRA is with them and I’m free to make online transfers whenever I want. I’d recommend looking into Vanguard, as they are a very popular choice. (Unfortunately, I don’t have the patience to build up the $3k required to open an account with them, so I started with Sharebuilder. I did, however, pick some of Vanguard’s funds for my IRA anyways.)

I’m very nervous about my own picked ETF’s. I worry a lot that I haven’t gotten the right ones or the right balance, but I can’t spend all that time worrying! Time will tell how I did, whether it’s good or bad. Short term, though, my picks aren’t dropping like stones. :)

If you don’t feel confident with it, just do some extra reading on the subject. Investment skills are worth having these days, even if it’s just for you!

Foxies last blog post..Link Love: Splurge Edition

Thanks for the advice! Somehow I ended up with both a Sharebuilder AND a Vanguard account. I’m hopeless.
-Tiffanie

]]> By: Kacie http://www.welikemoney.com/2008/07/13/iras-whats-the-deal/comment-page-1/#comment-29 Kacie Sun, 13 Jul 2008 23:16:33 +0000 http://www.welikemoney.com/?p=30#comment-29 You did the right thing. Cashing it out is NEVER EVER a good idea--you'll pay penalties and will regret it during retirement. Wish I had some good advice for you. Keep looking! Good luck. Also, would you be willing to switch your site's feed from partial feed to full feed? <blockquote> Thanks for backing me up. Deep down I know cashing out would've been bad...yet I'm stuck and not sure how to make the best out of the situation! And I changed my feed...hadn't realized it was on partial! Thanks :) -Tiffanie </blockquote> You did the right thing. Cashing it out is NEVER EVER a good idea–you’ll pay penalties and will regret it during retirement.

Wish I had some good advice for you. Keep looking! Good luck.

Also, would you be willing to switch your site’s feed from partial feed to full feed?

Thanks for backing me up. Deep down I know cashing out would’ve been bad…yet I’m stuck and not sure how to make the best out of the situation! And I changed my feed…hadn’t realized it was on partial! Thanks :)
-Tiffanie

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