Put Retirement Money In Real Estate Trust?
Joel just got a nice inheritance, but wants to make sure he invests in right.
ANSWER: Fund a couple Roth-IRAs - $6,000 if you’re single, $12,000 jointly if you’re married. If you have something left, invest in growth stock mutual funds: growth, growth and income, international and aggressive.
As far as your current retirement, make sure you roll that into a traditional IRA rather than into your current retirement plan. As a matter of fact, anytime you leave an employer, always roll your Roth-IRA into a traditional IRA. Your employer’s options are limited, but in the open market you can choose virtually any mutual fund you want. That way you have a lot more control and a lot more flexibility.