Quote:
Originally Posted by CRCRFT78
On top of the rollover IRA and the Schwab brokerage account, do you recommend also opening a Roth IRA and possibly more than one brokerage account? I'm trying to get the ball rolling but don't want to overwhelm myself either. I'm definitely having a good time reading all of the posts and absorbing all of this information.
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Jose -- A ROTH IRA is the best thing that ever happened to the American SAVER.... because you could put $4000 in there and it could go to a MILLION and upon retirement (proper age per the rules) you could pull out the retirement amount (again - allowed by the rules) and have NO TAXES....
Dude! It just doesn't get any better than that!
So yes - by all means - if you qualify for - and can contribute to a ROTH - HELL YES! Pound it! That's free money!