I am a city employee and have a 403B plan. The city does not match anything. The money comes out of my account pre-taxed. I have just opened my account and am looking for advice. I have read books that say if my employer does not match then an Roth IRA might be a better option. Eather way I have a few questions:
1....Should any of my money go into a fixed account (ours have 3% interetest). Like say...10% into a fixed account just for safety?
2....Mutual funds/ stocks/ bonds etc. How agressive should I be at age 25? I read I should get less agressive as the years go by.
3....If I decide to do a roth IRA instead of use my 403b who should I go to to open an account? I have read vanguard is good.
4....Sorry for my ignorance. I am just starting to learn about my retirment. I know the sooner I start the better. I just dont know all the terms and concepts yet.
1....Should any of my money go into a fixed account (ours have 3% interetest). Like say...10% into a fixed account just for safety?
2....Mutual funds/ stocks/ bonds etc. How agressive should I be at age 25? I read I should get less agressive as the years go by.
3....If I decide to do a roth IRA instead of use my 403b who should I go to to open an account? I have read vanguard is good.
4....Sorry for my ignorance. I am just starting to learn about my retirment. I know the sooner I start the better. I just dont know all the terms and concepts yet.
Comment