Subscribe RSS Feed
Planning For The Future - What To Buy For My IRA?
Posted On Thursday, November 27, 2008 at at 3:22 PM by Finance FanaticFor this Thanksgiving day, I thought I would take a break from the woes of our current market and discuss some ideas that we can take advantage of in this market for our future well being. One of the biggest issues on The President's agenda is how to deal with the retirement of the baby boomer generation. I have had many analysts say to me, "Don't expect social security to be there for you when you get old." This can be scary if you're banking on it, but if you plan the right way, you don't have to worry about it. So today I just wanted to talk about setting up an IRA account and, in my eyes, some great buys on discount in this market to consider for your IRA. By the way, if you have not set up an IRA account and are interested, TradeKing is having a promotion where they will give you $50 credit for signing up before December. Pretty good deal and that can be your first deposit! To find out more, go to www.TradeKing.com.
IRA, or Individual Retirement Account is an account that has been set up to allow people to begin their retirement savings at a young age. One thing you will find, is that if you are on the right side of Time Value of Money, it can work to your favor! To help promote these accounts, the Government has set up some incentives for people using them.
There are two main types of IRA accounts, Roth and Traditional. Traditional IRA accounts are accounts that you contribute to, to where you can deduct your contributions on your tax statement. Your gains from this account are tax deferred to when you withdraw from the account. Roth IRA accounts are non-deductible but also are exempt from tax gains. It is up to you to decide which account works for you and which one you are more comfortable with.
There is a maximum amount which you can contribute to this account on an annual basis. Recently the max was bumped up to $5000 from $4000 in 2007. It is usually good to be able to max this out annually if you can to take advantage of the tax protection, at least I do anyway. The point is to leave the money in the account, until the appropriated age of 591/2 to avoid the bad 10% penalty of early withdrawal. However, there are certain things that have been approved for early withdrawal, such as house purchases and education funds. Check with your accountant for more information about that.
So what should go in this account? Many people have a variety of investments in their own account, depending on risk strategy. Here are stocks I have purchased for my own account that I have found to be great buys for the long haul. Please understand, I still believe there will still be more loss in the short term, but for my IRA, I think these stocks have reached low enough.
VZ
Verizon has shown it's ability to hold strong in this tough market. I also find it to be pretty recession proof. Cell phones have almost become a priority in the US household and Verizon's coverage area gives them competitive edge against competitors. To top it off, they have a 6% annual dividend, which is what puts this stock over the edge for me.
GE
Even though General Electric has taken a beating in the recent months with everything else, I still find it at a steal for the long haul. People have their doubts of GE's ability to compete in this modern market, but come one. It's GE, the All American company. Plus, you have backing from Mr. Buffett himself. At $16, with a very strong 7.9% dividend, I don't see how you can go wrong with this one.
COP
Conoco Phillips - I believe oil is the air of the future. The more tech savvy other nations get, the more consumption will occur. Even though we saw the bubble pop recently, I think Oil belongs close to $90-$100 a barrel in the long run. I also think Conoco has good leadership and is ahead of the game with competitors. At $54 with a 3.7% dividend, this one is in my IRA.
STP
Suntech Power - This stock has taken a beating recently with the demise of oil prices. As oil prices go down, people feel that there is no need for alternative energy, including solar. However, this is not on Obama's agenda. He has already approved an alternative energy bill for when he is in office, that gives a lot love to solar. In fact, STP already took a big bounce this last week from the announcement. As soon as oil is back up, solar will be leading resource for alternative energy, and Suntech is a big player in that market. It may struggle here in the short term, but this stock is at least a $40-$50 stock in a stable market. Its 52 week high is $90. So you see just how high it can climb. Plus it diversifies my portfolio.
AAPL
My tech pick, Apple. I think they are the new standard for computers, handheld media and phones. Sure Microsoft owns the PC market and software, but Apple is so well diversified they make me very comfortable, even in a shaky market like we're in currently. With there creative innovation, I believe they will continue to lead us into new avenues of technology. I believe they will once again return to a $200 stock price in the future. Plus they have 24 billion dollars in sitting in cash. That always helps!
So these are my main picks, for the current bottom. I try to stay diversified and stick with companies with low debt, high market caps, and a strong player in their market. Remember, IRA's are untouchable for a while, so it shouldn't worry you as much what will happen in the next 1-2 years as much as where it will be in 30 years. I hope this gives you some good insights in planning your retirement strategy. In any case, everyone should strive to plan their own retirement and start now! The earlier you start, the more you will have to retire with! Have a great Thanksgiving everyone, we'll see you tomorrow!
Hey, Thanks for the good article. How can I check how much cash a company has? Can it be done by google finance?
On their quarterly filing, they include their balance sheet, which shows their assets and liabilities. Cash being their number 1 asset.
Nice article!
With the money deposited in IRA, do I need to buy only stocks?
Can i buy ETFs also?
Do I stay deposited all the time &
do I have flexibility to change asset/portfolio allocations anytime I wish?
bottomline:
Can I day trade with my IRA $ using ETFs..which Im currently doing with my cash $.
please let me know
Anon,
your IRA accounts acts very similar to your brokerage account, as you can make multiple trades during the day. Yes you can trade ETFs as well
I believe its just to risky to buy individual stocks for a IRA. I believe its always best to stick with exchange traded funds' with the exception of double or triple the idex of something. Mutual funds closed end or open ended are also great for IRA'S. I think income producing securities are great also but only invest in them though Exchange trade funds and closed end unds or open ended funds. Also never combine individual stocks in a IRA with exchange traded funds or mutual funds. This way you will never be tempted to over expose yourself to any individual stock.
As far as an IRA goes its best to have a split between stocks bonds and cash. When ths market is on a roll and very popular favor cash and bonds somewhat over stocks. And whan stocks are down a lot and hated by everyone favor stocks somewhat over cash and bonds.
This story is very important.
Cheap London Escorts
If you are looking forward to longterm use then I suggest investing your money either for a small business or life insurance perhaps than buying everything in your checklist.
click here
Thanks for the enlightenment. This can be a good list to choose from.
click here
Thank you for sharing this. I have now an idea on what am I going to buy in IRA. Thanks.
Luce | www.realtormiami.com/
I would definitely invest my money for good.
www.svgmotors.com/
Wow, interesting information! housecleaninglethbridge.com/house-cleaning-services-lethbridge
I really appreciate your information here! Thanks | Check here
SO far this is a great article. Thanks for this! Keep it up | scottkeeverseo.com/
Thanks for sharing this! Brilliant! | check it here
5 Smart Ways to Invest for the Future
Open an IRA. The simplest way to start saving for the future is through an IRA.
Participate in your 401(k) plan at work.
Think about your health with a health savings account.
529 plan accounts.
Using a regular brokerage account for long-term stock investing.
www.homestagingwellingtonnzpros.info/
My top pick would be Apple. So far, they have been soaring in stocks. site
Glad to be here on your site with great content posted. [Link]
Thanks for sharing this good information. Awesome post! Check here
Which two investment options would be best if you are 45 years old just starting to save?
URL: www.homestagingwellingtonnzpros.info/
Awesome! Great information. hammtreeservice.com/
So glad I came here. Love what you write. So does my coworker.
Much love, https://treeservicehamilton.com/tree-services-hamilton/
This is awesome! Great post. Click here
Great article! I;d like to see one about food
Cool info, thanks for the share. https://www.medicinehattowing.ca/
Thanks for this tips on investing in the stock market. site
Really impressed with your content. Concrete Contractors Raleigh NC
Excellent article. Very interesting to read. IT Support Fort Lauderdale
I wanted to thank you for this great read. Fence Company Tulsa OK
Glad to found this website. Vinyl Fencing Raleigh
Very well written post and website. Thanks for sharing. Concrete Contractor Fort Worth TX
Very well written post. Thanks for sharing. Home Inspection Raleigh NC
Thanks for taking the time to discuss this. Deck Builders Colorado Springs
Great article. Fence Company Buffalo NY
Very good. I plan to invest in stocks for future planning but also investing in businesses and cars is a great choice. Many old cars go up in value every year as they get older and I use https://www.autodetailinghalifax.com/ to detail them and make them worth even more. Happy investing this year folks.
Great info! Keep sharing. Retaining Wall Plano
check this out into the bucket, you can place whatever you want. That could be cash, stocks, bonds, mutual funds, or even more exotic investments like gold or peer-to-peer notes. Because you place these investments in the IRA bucket, they reap the tax benefits of whichever account type you select traditional or Roth.
Simplified Employee Pension, known as a SEP IRA is the most common retirement savings plan for self-employed individuals and small business owners. Known as the easiest, low-cost plan with a large contribution limit, it allows for tax shelter and tax-deferred growth.
URL: www.homestagingwellingtonnzpros.info/
very good! I am truly proud for the kind of person just like you, sharing the best info in the article for always thinking just for the brighter future.
floorpros.com.au/gold-coast.html
Into the bucket, you can place whatever you want. That could be cash, stocks, bonds, mutual funds, or even more exotic investments like gold or peer-to-peer notes. Because you place these investments in the IRA bucket, they reap the tax benefits of whichever account type you select (traditional or Roth).
https://www.topshadesailsgoldcoast.com/
This post is so admiring. Thanks for sharing such wonderful information. This will help a lot.
retainingwallsgoldcoast.net.au/
Very informative post. Keep on creating great content.
www.treeremovalcanberra.net.au/
Thanks for sharing such an informative post.
affordablelectricians.com.au/electrician-noosa.html
R-value will diminish slightly with age, though the degradation of R-value stops once an equilibrium with the environment is reached. Even after this process, the stabilized R-value is very high.
home contractor
Pretty great info! Thank you for sharing. Fence company tulsa
thanks for this such a wonderful thing from this site who shares the best information which is really amazing.
officeremovalistsydneynsw.com.au/
Thanks for all the advice and for the great post.
I had learned a lot of information from this post. Thank you so much for sharing. Keep on making a wonderful post.
affordablelectricians.com.au/electrician-mooneeponds.html
How do I protect my IRA from the market crash?
https://www.topshadesailsgoldcoast.com/
IRA INVESTMENT GUIDELINES GENERALLY ARE limited to listing what a taxpayer cannot purchase, including life insurance and collectibles, such as art works, antiques and most precious metals. Foreign investments should be limited to ADRs and domestically sponsored mutual funds.
https://www.homestagingwellingtonnzpros.info/
This is interesting. Thank you for sharing this relevant information.
https://bornederechargewestisland.ca/
The dream of being an entrepreneur appeals to many people, but starting your business instead of investing in a business in exchange for an equity stake, you can look.
https://bornederechargerivesud.ca/
Fantastic. I love this website, and I will keep on visiting here.
browardpropainters.com
What is the best investment mix for retirement?
www.topshadesailsgoldcoast.com/services/
I am glad for the wonderful site with best information updates which is so amazing.
amazing for this such wonderful site that I had been visited which is really great, I am thankful for sharing the best information update of the article which is very interesting.
melbourne office fitouts
best special way for having a brighter future! thanks for sharing the beautiful post with best info from the article, keep it up.
https://www.floorpros.com.au/
In addition to keeping the interior of your home in excellent condition, it is also essential to consider the upkeep and maintenance of the exterior.
Prince Albert tree services
This is a great article. Your views are amazing. This is my first visit here and i am happy reading your post. Thank you for sharing.
[url=https://www.affordablelectricians.com.au/electrician-mooneeponds.html]Mooneeponds Electrician[/url]
Mutual funds are the most popular IRA investments because they're easy and offer diversification. Still, they track specific benchmarks and often do little better than the averages. There may be a way to get higher returns on your retirement investments if you have the expertise and time to pick individual stocks. -Joseph Porter
Wonderful article, very informative and very helpful. Thank you for sharing your post.
melbourne office fitouts
It is an amazing type of post having best effort just to be success, thanks for the proper way of sharing best info of the article that looks interesting.
what an amazing type of post with best effort only to be success, I am thankful for sharing the best information updates of the blog which is helpful.
top driveways melbourne
Even if it's a long way off, think about what you want your money to do for you when you retire, and create a plan to make it happen.
bathroom renovation sydney
Pretty great content. Thank you for the info! Fencing Lincoln NE
Amazing content. Fence companies in wilmington nc
what a wonderful site knowing for the amazing tips of the article which is helpful, I am thankful for sharing the best information for a retired person only to be success..!
cool site
Thank you for sharing your blog, i appreciate your efforts and thanks a lot for sharing a piece of wonderful information.
affordablelectricians.com.au/electrician-noosa.html
Thank you so much for sharing this great article that gives valuable information and updates.
https://www.affordablelectricians.com.au/electrician-mooneeponds.html
Hire the Best Stump Removal and Grinding Services in Fairview Heights, IL. https://stlprotrees.com/fairview-heights.html
Hire Tree Pruning Expert at https://www.hayes-tree-service.com/
Very well written content. Thank you for sharing. Fence companies tampa fl
Hire the expert fence builders here www.fencecompanyspringfieldil.com
Great blog! Thanks for the share. Info
Golden Rule Plumbing is a affordable contractor specialized in both residential and commercial plumbing services in Raleigh, NC are.
Regards, Team plumbing repair near me
Buy Low, Sell High. Corporations issue dividends to stockholders, a process that involves the distribution of the company's earnings to their investors. It may be in a form of cash or stock. https://www.twincitieshomerepair.com/
Professional tree service in Saint Peters Missouri. Offering affordable tree removal, tree cutting, tree trimming and stump removal. Book with us today - https://www.stpeterstreeservice.com
More time equals more opportunity for your investments to go up. The best companies tend to increase their profits over time, and investors reward these greater earnings with a higher stock price. You'll need a brokerage account before you can start investing. -Sheldon
You have an amazing output! Thanks | https://www.treeservicecantonohio.net
My dad has been investing in individual retirement accounts for a while now, and one of the most common questions he gets from people is what to buy in an IRA. There are many different ways you can invest in an IRA, including traditional stocks and bonds, real estate, peer-to-peer lending, cryptocurrency, and much more. Anyway, I enjoyed reading the article. Thank you for sharing and please visit https://www.sprinklerinstallphoenix.com if you're from Phoenix who needs the best sprinkler installation service in that area.
Glad to found such a great website. Foundation repair oklahoma
this is great
awesome content
Amazing content. fencing companies richmond va
To be honest, I don't have that mindset where I'll invest my IRA in anything. However, if it convinces me otherwise, I will consider the ideas you propose. Anyway, please click here and discover the best services that a west Auckland commercial cleaning company can offer.
Start saving, keep saving, and stick to.
Know your retirement needs.
Contribute to your employer's retirement.
Learn about your employer's pension plan.
Consider basic investment principles.
Don't touch your retirement savings.
Ask your employer to start a plan.
Put money into an Individual Retirement.
URL: how to fix
Does investing in IRA a nice move? is a question with a short answer: Yes.
IRA stands for an individual retirement account, which is nothing more than an investment that you, like a normal person, pay into yourself - either through your employer or independently. In order to invest money into an IRA, the Internal Revenue Service imposes contribution limits. These limits are currently $5,500 per year for those who are younger than 50 years old and $6,500 if you are older. I hope you find this useful.
On the other hand, kindly check this floor cleaning Gold Coast company and discover their affordable floor cleaning solutions.
What should I invest in right now IRA? https://www.lenexaroofers.com/
Thank you for the content. Keep sharing. http://www.foundationrepairraleighnc.net/
Great website. fencecompaniesfargondpros.com
Interesting content. Foundation repair corpus christi
How do I start to save for my IRA? Does that have to go through my employer? I work at a drywall company, could I go through them?
fencecompanyspartanburgscpros.com
Thank you for the content. Kansas city foundation repair
Great website. Fencing tampa fl
Nice content. Concrete contractors colorado springs
Cool stuff. Sunrooms richmond va
Great stuff. Fence companies fort myers fl
Sunrooms birmingham al
Nice stuff. Fencing baltimore
Great stuff. Kansas city concrete contractors
Pretty good website. Deck building st louis
Thank you for the content. fencecompanylansingmi.com
Good post. Fence installation tacoma wa
Great post! athens ga tree removal
Thanks for sharing! looking forward to reading some more of your posts!
car detail duluth
thanks for sharing. Its hard to navigate these turbulent markets.
https://www.florencetreeguys.com/
https://www.saintpeterspressurewashing.com/
https://www.solaratlantaga.com/
When saving for retirement, one of the most important decisions you will make is what to invest in. There are many different options available, and it can be difficult to know which one is right for you. One option that you may be considering is an IRA. IRAs (Individual Retirement Accounts) are a type of savings account that offer tax advantages and can be a great way to save for retirement. Anyway, if you want to save from tile and grout cleaning, I would suggest you get it from a reliable cleaning service provider like tileandgroutcleaningprosscottsdale.com.
Thank you so much for posting this! I love that I'm able to login and state that my business was here the way I can. Thank you very much! Have a great rest of your day! I spend all day working at syd wallpapering so It's nice to check this out in my free time!
Awesome post thank you for sharing Direct Response Copywriting
Thanks For sharing!
tree care professional
Hiya exceptionally cool blog!! Man .. Lovely .. Astonishing .. I'll bookmark your site and take the feeds additionally… I'm glad to search out various supportive data here inside the submit, we really want figure out additional procedures in such manner, gratitude for sharing. Lawsuit Alerts
Thanks so much for this. menlo park tree service
Nice site very thankful that I fount it. Keep sharing and why not find out more
Thanks so much for this.
stump removal company
One of the essential targets of Web streamlining is to construct traffic to your webpage. There are different approaches to doing this, for instance, working on your site for explicit expressions, and making amazing substance. By growing traffic to your site, you can ensure that more potential clients will see your things and organizations. This can incite more arrangements and more business advancement. Check for more Wpgio It Solutions
You could unquestionably see your energy in the article you compose read this article
How much lead time do you have to send? Our classes require a 2-multi week lead time for transportation, reliant upon the class. The specific enlistment cutoff time will be given once your date and time have been maintained. Check for more Virtual Team Activities
Its a great sharing.
read more
Its a great sharing.
more
Really looking forward to read more https://josuecrmz552.wordpress.com/2022/09/05/20-fun-facts-about-stock-broker-fraud-lawyers/
This is awesome!! www.treeservicedavis.com
Nice blog!!
stump grinding service
Assets like the one you alluded to here will be extremely influential for me! I will present a relationship on this page on my blog https://diigo.com/0pvge2
Our classes require a 2-multi week lead time for delivery, contingent upon the class. The specific enrollment cutoff time will be given once your date and time have been endorsed. Remote Team Holiday Events
Glad to found this great blog.
www.fencecompanylincolnnepros.com
Great website information. concrete companies kansas city
Pretty good post. Keep sharing. fort collins fence companies
Pretty amazing stuff. foundation repair company
Thank you for this wonderful article get redirected here
useful reference
this page
Get More Info
see here
When it comes to retirement planning, one of the most important things to do is figure out what to buy for your IRA. This can be a difficult task, as there are many different investment options available. However, by taking some time to research your options and understand your own financial goals, you can make the best decision for your future.
By the way, check this drone video Chandler AZ based business.
That's a nice content orlandparktreeservices.com
I'm so impressed with your data! Thanks www.watersoftenergurus.com
Very impressed with the information you shared, thank you for your input.
Thanks a lot for recommending all of this options, I will keep them in mind for when I start building my retirement plan! I would like to recommend you the best air conditioning service in Jacksonville
Do I have the flexibility to change asset/portfolio allocations anytime I wish for water damage? expenses?
When it comes to planning for the future, making sure you have enough money in retirement is an incredibly important consideration. In order to ensure that you'll be financially secure when you eventually retire, investing in an Individual Retirement Account (IRA) can be a great way to set yourself up for success.
Anyway, get the best landscaping service from a trusted company in Scottsdale - landscapingservicescottsdale.com.
When planning for your future, one of the first steps is to consider investing in an Individual Retirement Account (IRA). But it can be difficult to know what to buy for your IRA. Is it stocks? Bonds? Mutual funds? There are so many options out there and you want to make sure that you’re making the best choice for your future.
Anyway, for the best air duct cleaning result, try https://www.airanddryerventcleaningphoenix.com if you're in Phoenix, AZ.
Thank you so much for providing what you have experienced about it, and for sharing what are much better to prefer. Many thanks!
https://www.tampa-seo.org
Thanks for this information, please keep me updated Kankakee county mold remediation
Definitely imagine what you said. Your favorite reason appeared to be on the web the easiest thing to be mindful of. Anyway, if you are looking for commercial roofing I would love to send my recommendations.
These are some great tips, I really appreciate when people make lists like this one because they're a great help for a lot of people who are just getting into traiding! I would like to recommend my favorite basement remodeling wheaton.
This is an excellent article. Well written. Good comments all around. Thanks for the post. See more posts here https://www.tejadosalmeria.com/construccion-de-tejados-y-cubiertas
Very interesting and informative blog !
You have a nice information! https://online-application.org/social-security-administration-office/oklahoma/
The author closes by encouraging readers to stay informed about their finances, and to consider reaching out to a financial advisor if they're feeling overwhelmed or not sure where to start. Overall, the article provides some valuable insights into the importance of planning for one's future and practical tips for how to do so effectively.
Anyway, click the link if you're looking for dreamy bathroom lighting ideas.
"Thanks for sharing this wonderful post!
Plastic Surgery Little Rock AR
'"
Well, this post is quite good! Thanks for updating information about the subject.. Very useful for me. Appreciation from painters west palm beach
"Thanks for sharing this interesting blog here
"
https://treeremovaledmonton.org
Great work mate appliance repairs Overland
Great article on IRA planning! Setting up an IRA is crucial, especially with uncertainties about social security. Your stock picks look promising, especially Verizon for its stability and dividends, and Apple for its innovation. A long-term perspective is key to IRA success. Thanks for sharing! 📈💼 #IRA #RetirementPlanning
By the way, please visit this website https://www.capecoralscreenpro.com/, if you're looking for a professional to handle your screen enclosure needs.
Thank you for this amazing blog!
Plastic Surgery Shreveport
astonishing for this such superb site that I had been visited which is truly perfect, I'm grateful for sharing the best data update of the article which is extremely fascinating.dumpster rental cheap
Planning for the future and securing your retirement is always a wise move. This insightful post from 2008 highlights the importance of setting up an IRA account and offers some interesting stock picks for the long term. It's a reminder that strategic financial planning, even in challenging market conditions, can pave the way for a more secure retirement down the road.
Rowena | Tree Trimming Coral Springs
music lessons near me
cleaning service near me
This is a comprehensive and insightful breakdown of IRA accounts and investment options. It's reassuring to see a focus on long-term strategy rather than short-term market fluctuations. The stock picks come with solid reasoning, especially the emphasis on low debt and strong market presence. It's a great reminder that planning for retirement is a marathon, not a sprint. Happy Thanksgiving and thanks for sharing these valuable insights!
By the way, do you want to know the best screen enclosure in Port St Lucie? If you do, please visit this website - ww.portstluciescreens.com and find out.
It was very informative. Thank you for sharing.
Sacramento Plastic Surgery
Thanks for making this content so informative!
Landscaping Red Deer
Nice site and blog
Tree Service In Red Deer