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Roth IRA

By Terry Savage on October 22, 2022 | Investments

I see you on Ch. 9 at times. I caught the episode of recommendation for newbies to start with a Roth IRA and I did with Fidelity. I only put in and nothing more. I’m just looking to save without losing. However, should I invest? If so, I am clueless about investing, what can I do without losing (if possible)? I don’t have to invest, as I’m fine with saving, but would love to increase my savings. Please help! Thank you!

Terry Says

Well, that depends on how old you are. Investing involves the risk of loss. But if you have a 20 year time horizon before you need to use the funds at retirement, you certainly should be investing at least half of your contribution. Consider the Fidelity Equity/Income fund — a conservative fund that should grow over the long run. And leave the rest in their money market fund, so you can relax!

If you’re closer to retirement, put a smaller percentage in the fund. But enough to help your money grow.



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