Wednesday, June 29, 2005

Where Should My Money Go? (from the Motley Fool)

How do you decide between 401-k plans, Roth IRAs, and so on? It's a common question. Where Should My Money Go (from the online Motley Fool website) give a brief summary of the best choices. In order, they are:

  1. Any plans (i.e. 401-k) where your employer matches your contribution
  2. Roth IRA (if you qualify)
  3. Employer plans where the employer doesn't match
  4. Traditional IRA
For the logic behind these choices, click here to read the whole article.

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