[Ludie]

I’ve heard a lot about ira’s and cds. I’m thinking about going with fidelity with a Roth IRA. I don’t have a job that includes any retirement package. Just looking for any advice to help make my money go farther.

Thanks

[April]

I see a lot of people recommending you get a financial advisor.

I agree that an advisor can be helpful if you don’t know a lot about investing, but you should be careful what *kind* of advisor you use. Some of them make money by “selling” you on certain types of financial products.

If possible, see if you can find a fee-only, fiduciary financial advisor.

You will have to pay money up front for their help, but in the long run it should allow you to build your retirement savings without losing money from fees.

Good luck!

[Denise]

Diversity is key! Do both. CD’s you can get at the money. CD rates are at 5%.

Good luck

[Rachel]

Roth IRA is great thing. In the short term, there are some great 5% CD rates right now for on 6 – 12 months. Some only needing $500. It’s a guaranteed 5%.

[Linda]

Excellent idea. However, you will have many choices about just which investment to use. I suggest you consult with an investment firm first. Not a bank. I used Raymond James. I asked my husband’s accountant for the name of a person who could help me. Being an accountant, he had access to people who used GOOD investment people.

I contacted the person. He talked to me for an hour asking questions. During periods of difficult economic times, I never lost money. Be careful and get advice from trustworthy people about just who to trust your money with.

[Jillian]

A Roth IRA is a great choice. Avoid financial advisors like the plague unless you have a complex portfolio…. they eat into your profits big time! Read “The Simple Path to Wealth” by JL Collins. That’ll give you the blueprint.

[Author]

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