IRA Guide: Investing in Your Future
Posted by Eric Twitty on October 23, 2008
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If you have ever wanted to start investing some of your hard earned money, the time is now. Stocks have taken a plunge and there is a lot of value in the market right now.
If you are new to the investing world the first thing you should do is open an IRA or Individual Retirement Account. The money earned is tax deferred meaning you don’t pay taxes on capital gains or dividends until the money is withdrawn. There are restrictions on how much you can invest annually but you should do whatever you can to maximize your contributions.
Don’t rely on social security to get you through retirement. Put up as much money as you can to ensure that when you retire you can enjoy your life and do the things you want.
There is a great article over at The Motley Fool that will tell you everything you need to know about IRAs. Here it is:
Read this article then get out there and get started. Don’t let this opportunity that the stock market is giving you pass you by. Pick up some of these stocks and mutual funds while they are still cheap. Don’t be afraid. If now is a good enough time to buy for Warren Buffet, the richest man in the world, then now is a good time to buy for you.
