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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (5859)	9/20/2010 6:06:57 PM
From: chowder	1 Recommendation Read Replies (1) of 34328

My son has a Thrift Savings Plan (TSP) at work. The TSP, like most 401K plans don't offer very many investment vehicles. I have him putting just 5% into his TSP and am now getting around to opening a ROTH IRA for him. I'm picking a ROTH because he will be in a much higher tax bracket at retirement age. He's only 25, has no debt, paid cash for his car and still has $50K in his taxable brokerage account. So now, we will max out his ROTH once he signs his paperwork and sends it back and the difference between what he pays me and the maximum he can put in a ROTH will be put into the taxable account. My objective for a purchase in an IRA will be the higher yielding stocks with at least 5% yields. He's off to a great start. I wish I knew this stuff at his age!

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