Over the last couple of months I’ve been reading up on a lot of different investment account option choices – everything from discount online brokers to mutual fund companies and everything in-between. There are so many options out there that it can be easy to be overwhelmed with all the choices, and to just not make a decision.
I think I’ve been near or at that point for a while now, and while I’ve done some investing through the 401k at my work, I’m now looking to invest outside of that a bit because there is no longer a company match and we’d like an account with less expense and a few more options. We’re also done saving up our 10 month emergency fund, and we’re secure enough that we can just start socking away money to invest now.
After doing a ton of research I’m leaning towards opening Roth IRAs for us both at Vanguard before tax day, and getting into some of their low expense target retirement funds as our main retirement vehicle. I also may open an account at Betterment.com, and invest a small amount of money there just to see how it works as well. Because the account has higher fees, however, I won’t be making that my sole retirement vehicle.
So what advice do folks out there have for someone who will be venturing outside of a company 401k for the first time in a long time?
Links This Week
Here are some of my favorite posts of the week.
- Are You Jumping On The Self-Employed Bandwagon?
- Mileage Tax Deduction
- Two Ways of Making Money Online Compared
- Cost Cutting For Your Small Business
- Types of Passive Income Generated Online
- Reasons Every Small Business Needs a Credit Card
- What It’s Like After 3 Months of Being Your Own Boss
- Canadians are not withdrawing from rrsps at an alarming rate
- Taking Social Security and Investing the Money
- When Is The IRA Contribution And Recharacterization Deadline?
- How to Set Up a Roth IRA
- How to Get a Good Auto Loan Rate
- 5 Things You Should Know About Filing a Tax Extension
- Baby Nursery Decorating – Save Money, Have Style
- Downsize Your Home and Upsize Your Wallet
- Invest in Fitness and Finances
Last Edited: 25th January 2012
{ 2 comments… read them below or add one }
Thanks for the mention Peter, I greatly appreciate it! Thanks for the links too, I’ll be sure to check them out, they sound pretty interesting.
Great question. I just got a 401(k) plan for the first time. Currently happy with it’s set up, but would be interested in hear what people are doing above and beyond having one.