Comments on: Start A Roth IRA With $50 At T Rowe Price http://amateurassetallocator.com/2009/11/20/start-a-roth-ira-with-50-at-t-rowe-price/ Amateur Asset Allocator Tue, 22 May 2012 02:58:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Muneer http://amateurassetallocator.com/2009/11/20/start-a-roth-ira-with-50-at-t-rowe-price/comment-page-1/#comment-10528 Muneer Sun, 12 Sep 2010 22:08:31 +0000 http://amateurassetallocator.com/?p=2930#comment-10528 Depending on your age, 60% stocks and 32% bonds is a reasonable allocation of assets although the risk is much higher. You should also consider more fixed income bond mutual funds that grow on the power of compound interest. CNN has an article on best mutual funds to invest in here http://money.cnn.com/magazines/moneymag/bestfunds/2009/index.html Once you choose a company, you need to decide which funds to invest in. You could simply pick a retirement fund for your projected retirement year. T Rowe Price has a Retirement 2040 fund, for those who will turn 65 in 2040. These types of funds change their overall investment portfolio from mostly stocks to a more conservative mixture closer to your retirement year. Source: http://www.definerothira.com Depending on your age, 60% stocks and 32% bonds is a reasonable allocation of assets although the risk is much higher. You should also consider more fixed income bond mutual funds that grow on the power of compound interest. CNN has an article on best mutual funds to invest in here http://money.cnn.com/magazines/moneymag/bestfunds/2009/index.html

Once you choose a company, you need to decide which funds to invest in. You could simply pick a retirement fund for your projected retirement year. T Rowe Price has a Retirement 2040 fund, for those who will turn 65 in 2040. These types of funds change their overall investment portfolio from mostly stocks to a more conservative mixture closer to your retirement year.
Source: http://www.definerothira.com

]]> By: Eric Smith http://amateurassetallocator.com/2009/11/20/start-a-roth-ira-with-50-at-t-rowe-price/comment-page-1/#comment-6114 Eric Smith Sat, 21 Nov 2009 02:58:30 +0000 http://amateurassetallocator.com/?p=2930#comment-6114 I am intrigued. However, two questions. 1) What funds (preferably index) at TRP would you recommend? I have and continue to contribute on a monthly basis to a Vanguard STAR Roth IRA and my wife has her pension in a Vanuard Small Caps Index Fund; she works for the local government here and gets a certain percentage of her paycheck matched by her employer every two weeks, regardless of whether she contributes to it or not - which she does, of course. It is my goal to (slowly and correctly) create a solidly allocated asset portfolio and while I have the small caps covered with her pension and the STAR fund is 60% Stocks (16% Foreign), 32% Bonds and 6% Cash, I am wondering what Roth IRA fund I can invest in with TRP that would provide more balance? (I know that I will just be moving it later on when it meets the minimum for a Vanguard Fund, but any direction you could provide would be greatly appreciated.) 2) Once I get it to the threshold for a Vanguard fund, beyond the two I already have funds going into (STAR and Small Caps Index), what Vanguard fund would you recommend? Many Thanks and Happy Holidays, Eric I am intrigued. However, two questions.

1) What funds (preferably index) at TRP would you recommend?

I have and continue to contribute on a monthly basis to a Vanguard STAR Roth IRA and my wife has her pension in a Vanuard Small Caps Index Fund; she works for the local government here and gets a certain percentage of her paycheck matched by her employer every two weeks, regardless of whether she contributes to it or not – which she does, of course. It is my goal to (slowly and correctly) create a solidly allocated asset portfolio and while I have the small caps covered with her pension and the STAR fund is 60% Stocks (16% Foreign), 32% Bonds and 6% Cash, I am wondering what Roth IRA fund I can invest in with TRP that would provide more balance? (I know that I will just be moving it later on when it meets the minimum for a Vanguard Fund, but any direction you could provide would be greatly appreciated.)

2) Once I get it to the threshold for a Vanguard fund, beyond the two I already have funds going into (STAR and Small Caps Index), what Vanguard fund would you recommend?

Many Thanks and Happy Holidays,

Eric

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