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Because STIS, how difficult is it to set up your own retirement fund (i.e. 401K, etc.)

Posted by Stephen (aka Sceire) Apr 12 '12, 11:07

There's no retirement plan offered where I work, and up until recently we were only saving a small amount each month, choosing to put extra money towards paying off bills, and have not only been able to get our debt down to about 2,500, but have been able to reduce the ridiculous size of my dad's dead almost by half down to about 25k, but now i'm really wanting to start some sort of retirement fund/plan for us now.

What do I need to know? Advice, articles, etc. to get me started would be greatly appreciated!

Responses:

Thank you all, I now know where to start my research. -- nm - Stephen Apr 12, 11:45
Go to fidelity or vanguard. Open an IRA. Pick a target date retirement fund. Invest. - spamlet Apr 12, 11:15 1
- fwiw, my company stopped offering fidelity's target date funds earlier this year, as they'd underperformed vs. other options. -- nm - b. Apr 12, 11:22
Unless you are self employed, your only real choice is an IRA (Traditional or Roth). -- nm - decline Apr 12, 11:11
My guy in Nigeria set mine up in 5 minutes. It wasn't hard at all. -- nm - Bacon, via droid Apr 12, 11:09 2
- Yup. This time next year I will be retired. -- nm - Iron Spawn: T minus 2 days Apr 12, 11:10
- Those nigerian banks offer some sweeeet signing bonuses, too -- nm - Beryllium Apr 12, 11:10
That reminds me, I still have $500 or so sitting in my Fidelity IRA rolled over from a previous 401(k). - znufrii Apr 12, 11:09
if you just want a traditional or Roth IRA, it's as simple as opening a bank account -- nm - pixitude Apr 12, 11:08
Wy not an IRA or Roth IRA? -- nm - con_carne Apr 12, 11:08 4
- I don't know! - Stephen Apr 12, 11:09 3
  - Do a Roth! -- nm - lileve Apr 12, 11:31
  - traditional IRA, your contributions are pre-tax but the distributions are. with a Roth, contributions are after-tax but distributions are tax free - pixitude Apr 12, 11:15
  - it would be an IRA, unless you're setting it up through work, when it would most likely be a 401(k) -- nm - znufrii Apr 12, 11:12
Your dad what... oh... phew. -- nm - Iron Spawn: T minus 2 days Apr 12, 11:08 2
- oh crap...heh...that's a hellofa typo! -- nm - Stephen Apr 12, 11:08 1
  - Yeah, it really changed the tone of your post. -- nm - Iron Spawn: T minus 2 days Apr 12, 11:09

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Because STIS, how difficult is it to set up your own retirement fund (i.e. 401K, etc.)

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