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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (5859)	9/20/2010 6:06:57 PM
From: chowder	1 Recommendation Read Replies (1) \| Respond to 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!

To: Triffin who wrote (5859)	9/20/2010 8:36:01 PM
From: Steve Felix	Read Replies (2) \| Respond to of 34328

Hopefully Michael will let us know how she goes about investing. I'm with you on Roths, but I had a hard time convincing my youngest in the beginning. Retirement seemed an eternity away, and although she graduated college debt free, she needed to build up some funds, money market and a couple of 5k CDs, before she felt comfortable opening a Roth. With a couple of years since college, and a safe, steady job, she wishes she would have invested 5k instead of the 3k she did the first year, but it was what her comfort level would allow, and at the time, getting her started was most important to me. Our discussions then made me realize how many possibilities seemed on the horizon when I was her age. Now I am conservative and play it safer. I haven't jumped out of an airplane in over twenty years. :( Don't know if it is good or bad, but I've lost something that she still has.