Gnate

iTrader: (10)

Thinking of starting investing in one...

Anything I should know?






This will prob get moved to M&I, but I wanted all of you smart people who religiously stare at ramblings so give me some opinions.

GIBSON6594

I do half roth and half regular. For starters, you have to consider future tax brackets as well as current desired tax benefits due to income reduction.

NSXNEXT

iTrader: (2)

If your employer doesn't offer a matching 401K, max out a Roth. At your age, the taxes you pay now on it will be a pittance compared to what you'll pay when you draw from your 401K.

Gnate

iTrader: (10)

I work at a bar and get paid mostly in tips, I dont even think they offer anything financial aside from direct deposit.

airjam21

Sign up for a Roth IRA at Vanguard.com.

JediMindTricks

you can ask.

i thought you had to be drinking age to work at a bar?

GIBSON6594

you don't

TS_eXpeed

Not sure about other states, but in Texas you can be 18 to bartend.

iTimmy

There are very few rules that apply to investing, but this is one of them.

Gnate

iTrader: (10)

Just to set the record straight, you can handle, pour and serve alcohol at age 18.

But anyways... back on topic, luckily, one of my bartenders as his full-time day job works at a bank and can help me set up a Roth IRA, i'll have to talk to him about it tomorow.

NSXNEXT

iTrader: (2)

Gnate,

Find out what fees, if any apply. Shop around.

JediMindTricks

^ on the fees.

Gnate

iTrader: (10)

^ I shall do that. Thanks.