Re: How Much Investment Needed to Earn $1000 a Month?
Thank you, Bluezy. That brings up another point that I need to look into, retirement investments! In the way-back-when time, I started a regular IRA. It doesn't have much in it because I moved to a job (teaching) where they had a retirement account and I was never sure if I could still contribute to an IRA. Then along came the Roth IRA, and I was even MORE confused. I'm getting to that age where I really need to get off my patooty and start investing something into an account that will help me with organizing my retirement funds.
If I have a retirement account at work, what other types of retirement accounts am I allowed to have? Which type of account would allow me to put the MOST $$ away until retirement? Would a Roth be better than a regular IRA? Should I still contribute to my "old" IRA, leave it alone, or roll it over into something else?
Thanks in advance,
CJ
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