[RedThunderBird]

Originally Posted by jeffmem

Hi disneysteve.

The IRA thing, in his opinion the IRA rates are low, and the amount of income I am claiming is not high enough to make the MMA's interest taxable. He suggests putting the money into other things such as stocks and mutual funds. As for a tax sheltered account, I have no idea what that is so I need to check.

Well... I am conservative, and greatly worried about the future because of the SS thing, the more you put in the more you get back, I am putting in only 1/5th of what you guys are putting in due to my overseas status. It is complicated. I don't want to lose the 84%. I want something stable but can earn money, thus the reason why I am posting in this forum, I am looking for some advice and help as to what to look at.

Stocks? I am not that good at picking them. The one I have now has been down for 2 years. I made money before, but I buy them cheap and sell when they go up about a buck, make a few thousand I am happy. But I am a sore loser, so I don't want to put my money in something that may end up going bankrupt.

I do not doubt the expertise of many who helped you in this forum , but you may need a paid adviser ---- that could look over your finances ---- I wish you well