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Best traditional retirement account?

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Mar 10, 2011
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#1
Anyone have any recommendations for a traditional retirement account? Have about as much faith in paper investments as the rest of you, but for reasons I'd rather not get into on a public forum, I find myself in need to get one started very soon. The last time I asked at my local bank, they said IRA or 401k or whatever it was, was basically treated like a CD and that it was paying <1%. At that point I said, why bother, but times are a changing (for me). Self employed BTW, no company option/ match, nothing like that. Anyone done any research?
 

nickndfl

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#2
Go to E-trade for a managed account with at least $100k. Otherwise I would buy S&P index ETFs and Berkshire Hathaway. Anything else is gambling and the house always wins in the long run.
 

hammerhead

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#8
I guess I'm the first one to post this...

Just give me your money. I promise to give you a nice looking piece of paper describing what your money could look like.

Don't give your money to someone else unless you receive something real in return.
 

Usury

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#9
If you're self-employed, talk to your tax advisor and look at a SEP-IRA. As I understand it, you can put a significant portion of your earnings into it annually--much more than a regular IRA or 401K.

If you're looking for something "traditional", then I would look at either Fidelity or Vanguard. You could buy S&P funds/ETFs, Dividend ETFs, Bond ETFs, etc at low expense ratios, no loads and no transaction fees.
 

Usury

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#11
Gold, silver, cash, foreign currency (Swiss francs, Chinese Yuan), real estate, guns, ammo, food, preps in general--a lot of money? fine art--all kept at home. (and no cryptos)

Sorry, that's all I can come up with.

SC
I got the impression from the OP that he's looking for more traditional paper investments. Sounds like he already understands the risk but has a valid reason (taxes perhaps). Perhaps he already has those bases covered.
 

louky

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#15
I wouldnt go through a bank, they'll eat you up with fees at every load from my experience