| IRA or CD |
| IRA |
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66% |
[ 2 ] |
| CD |
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33% |
[ 1 ] |
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| Total Votes : 3 |
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| Author |
Message
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| nectordelvalle |
 Posted: Sat Feb 02, 2008 5:38 am Post subject: Is it advisable? |
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Investing Associate
Joined: 06 Dec 2007
Posts: 23
This Month: 0
809.64 e$
Net worth: 11,763.74
Portfolio Value: 10,954.10
Monthly Return: -3.15%
Trades this month: 0
Churn Rate: 0.00%Items
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| Is it advisable to put your income tax return in a bank acout or in a 5 year cd if its over a 1,000.00 or should i use the IRA which im not to familiarized with.? |
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| deprived |
| Posted: Sat Feb 02, 2008 11:21 am Post subject: |
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Investing Sr. Associate
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This depends on your finacial situtaion.
The CD can be redeemed on maturity date or early (taking the penalties that may arise.)
Not everyone qualifies for IRA's, recomend visiting www.irahelp.com
There are 3 types of IRA's
Deductible
NonDeductible
Roth
The IRA retirement age is (70 1/2) deemed by the Federal goverment. |
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| nectordelvalle |
| Posted: Sat Feb 02, 2008 11:49 am Post subject: |
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Investing Associate
Joined: 06 Dec 2007
Posts: 23
This Month: 0
809.64 e$
Net worth: 11,763.74
Portfolio Value: 10,954.10
Monthly Return: -3.15%
Trades this month: 0
Churn Rate: 0.00%Items
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| deprived |
| Posted: Sun Feb 03, 2008 10:22 am Post subject: |
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Investing Sr. Associate
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| ALso Cd's can be as short as 6 months. I recomend shorter periods on cd's because everyone fincial situations change constantly. |
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| Staggs |
| Posted: Tue Mar 04, 2008 7:35 am Post subject: |
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Investing Sr. Associate
Joined: 19 Jun 2007
Posts: 141
This Month: 0
Location: Wisconsin
3884.82 e$
Net worth: 14,934.82
Portfolio Value: 11,050.00
Monthly Return: -47.85%
Trades this month: 0
Churn Rate: 0.00%Items
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| deprived wrote: | This depends on your finacial situtaion.
The CD can be redeemed on maturity date or early (taking the penalties that may arise.)
Not everyone qualifies for IRA's, recomend visiting www.irahelp.com
There are 3 types of IRA's
Deductible
NonDeductible
Roth
The IRA retirement age is (70 1/2) deemed by the Federal goverment. |
Can you expound on this a little? Which IRA makes the most sense for certain circumstances? |
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