You can open an individual retirement account (IRA) at Fidelity or Vanguard, and contribute up to $6,000. And you can open a 529 college savings account at either Fidelity or Vanguard. Frankly, I’m delighted that you have “extra” money to invest. I assume you’re also earning a pension or have a retirement plan at work. So I’d start with the 529 college savings plan for your children. It lets your money grow tax-free for college. To learn more go to www.SavingforCollege.com.