This October I am going to really start focusing in on my savings vehicles. Right now, I have an ING Annuity IRA which is really not performing well at all. I had to roll over a pension fund and a 403b from previous employers about 4 years ago. That is before I knew what I know now. Back then I didn't have any idea what a front end load was and I had know idea what they were saying when they were talking about 8 year hold or incur penalties. It wasn't until the end of last year that I began to read finance books and began to learn and realize what exactly I had gotten myself into. The woman that openned my account at the bank was very friendly and she seemed like she was knowledgeable. But as timed passed I began to realize that the only time this person ever showed me any interest was when she was trying to sell me a new product. Finally, I was on to her(Beware account advisor = salesperson,large commission). So, now I am stuck with a just barely breaking even retirement account. Pretty much the amount I have in the account is the money I have put in. I really have not made any interest or gains. I think the new savings rates would give me a better return on the money. So, this is what brings me to my new goal.
I am going to check over this account again in October and see if I can move things around inside the annuity and see if that makes a difference. Next I would like to open a Vanguard account, total stock index and just have that as a mutual fund, not another retirement vehicle. I would also like to look into the stock market and open a couple of DRIPS. Lastly, since the interest rates on short term CD's are looking pretty good I would like to open a few of those and ladder them. Hopefully with some of these changes I will actually see some of my money work for me.
Goal Two
September 24th, 2006 at 11:42 pm
September 24th, 2006 at 11:47 pm 1159141624
September 28th, 2006 at 01:50 am 1159408257
March 17th, 2016 at 01:53 pm 1458222801
March 18th, 2016 at 09:01 pm 1458334860