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Best traditional retirement account?

Discussion in 'Real Estate & Other Investments' started by 3glocks1stack, Jul 2, 2017.



  1. 3glocks1stack

    3glocks1stack Seeker

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    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?
     
  2. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    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.
     
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  3. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Seems to me this is the worst time ever to invest in equities [top of the market]. JMHO.
     
  4. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Stocks are expensive right now for sure. I would buy a second home that needed a refurb.
     
  5. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Good time to buy some PMs as there seems to be a significant dip in prices today
     
  6. Hystckndle

    Hystckndle Daguerreotype Fanatic Site Mgr Site Supporter ++

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  7. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Gold is cheap today too.
     
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  8. hammerhead

    hammerhead Not just a screen name Gold Chaser

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    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.
     
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  9. Usury

    Usury Platinum Bling Platinum Bling

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    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.
     
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  10. SilverCity

    SilverCity Gold Member Gold Chaser

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    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
     
    Last edited: Jul 3, 2017
  11. Usury

    Usury Platinum Bling Platinum Bling

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    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.
     
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  12. SilverCity

    SilverCity Gold Member Gold Chaser

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    Oh, he needs a tax write-off?

    High maintenance wife/girlfriend, gifts to children, charities...?

    That's all I got. I guess I don't understand "traditional".

    SC
     
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  13. JayDubya

    JayDubya Platinum Bling Platinum Bling

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  14. 3glocks1stack

    3glocks1stack Seeker

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    Ahhhh you guys crack me up! Thank you all for the advice! Seriously!
     
  15. louky

    louky Silver Member Silver Miner

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

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