Any GNGers

[HHBizzle]

Are any of you stock market people? ie trading, buying, playing etc?

[Santa]

yea sammie is, i have a 401k thats as close as i can come ive invested 400 but i have made 1000 in one year

[HHBizzle]

i know sammie is
she is my inside trade specialist
we've made millllions together
ok, well not really
but i do ask her advice from time to time
but i was wondering if anyone else was
im a noob at it with a baby portfolio
but i am learning
and so far in the green

ESPECIALLY if xm radio merges with sirius

[[KdK]Metalgod]

I have 3 roth IRA'S worth about 10,000 each.

[HHBizzle]

i dont know anything about roth IRAs

[[KdK]Metalgod]

You put money into them ever year from your savings accounts. Its kinda like a retirement fund.

[HHBizzle]

i assume they have a good rate? or matching?

[gramps]

An IRA, Roth or old school is just a retirement savings account. Its what the account is invested in that determines its yield.

I think you are confusing IRA and 401K. With an IRA you direct where the money is invested. In a 401K, you have some choices, but they are limited to those the employer has chosen, or allowed.

Dont see the difference? With an IRA, you can invest in stocks or bonds or you can buy a rental house and keep the house inside the IRA. You determine completely how the money is invested. The 401K is limited to a select few stock or bond mutual funds.

[Sammie]

Roth IRA's are post tax dollars. Traditonal IRA's and 401k's, 457's, 403(b)'s, Sep IRA's, Simple IRA's and a variety of other IRA vehicles are pre-tax dollars.

All are tax deferred. With the Roth account you pay your taxes now but the money grows tax deferred and the earnings are suppossed to come out tax free.

The other tradional IRA vehicles are pre-tax, so you can write them off and not pay income tax on them for that year. The money grows tax deferred and you pay full income tax on the funds when you withdrawal them (both on principal and earnings).

Traditonal IRA's (except for the Sep and Simple plans) do not match dollars, neither does the Roth.

And generally speaking you can not hold real assets (such as real estate..art..coins etc) in a traditional IRA. You would need some special type of IRA Trust account. 401k's (457's, 403(b)s etc) do have limitations on investment choices. You have a lot more choices in other vehicles that are not run by a company plan, but the trade off is that you usually cant put as much aside as you can your company plan (and no matching). The rate of return is purly determined by the investment, not the account title.

There are also rules on who can contribute to each account and to how many different accounts. Its based on what type of plans you currently invest in, your martial tax filing status and your imcome.