I'm a big believer in before tax income invested in the market
through a 403B plan. But with the steady fall in stocks over the
past two years why listen to someone who has lost 50% of his
value and is still investing. Find a good Mutual Fund company that
does not charge a load. There are lots of them. If you have 30 or
more years till you retire you should begin a steady investment
of perhaps $200 a month. You will be surprised how you won't even
miss it. Good luck on becoming a millionaire.
Woody in KC
Krista Ranly wrote:
> As a new teacher, I am hoping that someone out there has advice on starting
> a retirement account. I'm debating between various types of IRAs, a direct
> compensation program, etc. Also, I'm trying to figure out if I'm better off
> doing a plan that invests before-tax or after-tax income. I'd greatly
> appreciate any knowledgeable insight :)...