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01-08-2009, 11:43 AM
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Setting up my ROTH...
I have very little money (around $400) in my Roth account...but it is basically in cash reserves. It is not really allocated into any funds. I want to start contributing to the Roth account this year. How do I figure out how to allocate everything? I am 28 now...
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01-08-2009, 12:21 PM
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You need to take a risk questionaire like this one
T. Rowe Price - Personal Guides which should help you. If you type in 100k when it asks you how much you plan on investing it gives you a different answer than if you type in $400. Vanguard has a better questionaire https://personal.vanguard.com/us/pla...PlnContent.jsp I am sure there are others on many other sites. If the allocation comes to less than 60-40 (60% equity and 40% bonds), you should discuss the questions and answers in detail (IMO).
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