Archive for February, 2006
Simple Ira Vanguard
February 14th, 2006
Question: Looking to annually invest in a long term Roth IRA for 30 years. What’s a good company to go with?
T Rowe Price? Fidelity? Vanguard? A Roth IRA that is simple and easy to use.
Answer: Vanguard has really low annual expense ratios whileT Rowe Price funds have been traditionally better managed and they consistantly receive 5 morning star ratings. So personally I would go with T Rowe Price.
Posted in SIMPLE IRA | 
Tags: finance, investing, ira, money, retirement, simple ira vanguard | 
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Sep Ira Home Purchase
February 1st, 2006
Question: I am self-employed, have a SEP IRA, can I withdraw the $$ to purchase my first home without the 10% penalty?
Answer: See IRS publication 590.
The 10% penalty exception applies to the following:
“09 IRA distributions made for purchase of a first home, up to $10,000.”
To even avoid the $1000 in penalty, you have to time the amount distributed with the purchase.
SYLVIA DESIGNS A FLOWER GIFT BOX