I'm 18 years old, and I've saved up around 11,000 dollars by working through middle and high school. Ideally I'd like to put this money into a Roth IRA and then invest it into several vanguard mutual funds with average yearly returns around 10%. During / after college I will contribute, and hopefully retire in my late 50's. I like to ask if this is a safe way of doing things, if I should get a 401K instead / or both, or do something totally different. I read the guides for 18-25 year olds and it mentioned a FIRE plan; if I lock the money in an IRA I won't be able to access it until I'm above a certain age. I don't know much about investing, but I recognize importance of starting early and I don't know the best way to go about doing it. Thanks for any advice.
Submitted August 15, 2019 at 05:24PM by -financialthrowaway https://ift.tt/2z3O2xc
