I am 34 years old and finally in a position where I can start a Roth IRA. I currently have a CalPERS pension that I pay into through work, but I want something additional. I have 10k in an emergency fund and can put about $200 a month into an IRA, which will increase as I get raises etc. The county I work for only offers a 457b plan (deferred comp), and only offers Nationwide and some other crappy companies with high fees. I was planning on going through Vanguard for my Roth IRA. I have $3000 that I can start with. My questions are:
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Do I let Vanguard structure my IRA, or is it best if I set up how my money is being invested? If so, what is some advice for someone in my age/income range, and of course given the current economical climate etc.
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Are there certain times that are better than others to open a Roth IRA with my initial $3k? With the weird economic climate, would it be more advantageous to invest when the stock market is down?
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Anything else I should know? read? pay attention to regarding starting a Roth IRA through Vanguard?
Thanks for the help!
Submitted October 01, 2017 at 03:26PM by HighSierraGuy http://ift.tt/2xJqXRv
