and minus state and fed taxes) from my old job? 1. don’t want to rollover to an ira as i rather take the bullet now from penalties and taxes. 2. thinkintg about doing the maximum on the roth ira for 2007. 3. and have long term investment in mind (3-5 years).
as far as the roth ira part, i would leave it there until retirement; but it’s the rest of the money that’s left over that i am concerned about….
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Join the ROTH IRA Conversation - Your Questions Discussed
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{ 3 comments… read them below or add one }
put the money down on a house
Pay off your debt
Put the money into your house (if you already own your own home outright)
Don’t plan on bailing out of a Roth IRA in 3-5 years unless you are at the retirement age where this is allowed without penalty. Otherwise you will be squandering a big chunk of your money on 10% penalties every few years, which makes NO sense at all. You will end up losing like crazy. This is not the way to use IRAs.
I like MO (Altria) right now along with DIS (Disney) and GS (Goldmann Sachs). NYX (New York Stock Exchange) is also on its way up but by the time you look to trade it probably will already have made a major move up. Do your own research on these. If you dont know very much about both fundamental and technical analysis of stocks stick to good mutual funds from a financial advisor.
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