Lucky Enough to Be Young and Employed? Start a Roth IRA

Did you recently graduate from college and got the job of your dreams, despite all obstacles? First of all, congratulations! I’m a little jealous. Especially if you’ve got money leftover after rent, bills and student loans… Just in case you’re one of the 5 people this applies to (this is not a real statistic; I’m not in school to be a statistician), then here’s some advice: Start a Roth IRA.

Again, I’m not in school to be a statistician or accountant or anything that hollowed, so don’t take it from me. Take it from USA Today’s John Waggoner, who wrote an article outlining the benefits of a Roth IRA and telling you which one to pick depending on how risk-averse you are.

“Your best bet — assuming you’re willing to take some risk — is an IRA at a discount brokerage house, such as Schwab, or E-Trade, or a mutual fund company,” Waggoner writes.

So check it out. And when you’re old and retired and you’ve got a small pile of money, you can thank me for sharing this with you. Cash and presents will be accepted. – Rosella Eleanor LaFevre

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