[Mormon Red Death]

Originally Posted by livecoug

I would probably be moderate. When I go to open an account, it asks if I want a Roth or Traditional... What do you guys suggest?

thanks!

That depends. do you want to pay taxes now or when you retire? Traditional IRA are pretaxed and Roth IRA are after tax. Some think its better to go traditional in that when you retire you will be in a lower income tax bracket so you get out of paying taxes now. Others think Roth IRA are better because you never know how much your tax burden will be when you retire.

It sounds like you are looking to save for a house. There are ways with IRA where you can borrow on the IRA for down payment and such. or you can just start putting money into some mutual fund or cd account that gives you a modest return on your investment. I would suggest reading MSN Money as they have a lot of article that can help you