Roth IRAs Maxed Out, Exploring Our Options

by James & Miel on June 10, 2009 · 0 comments

Hi All,

Just a quick follow up on our financial goals for this year. A few months back, we set a goal of having our 2008 and 2009 Roth Individual Retirement Accounts (IRAs) maxed out. Well, our tax returns finally deposited last night. After a couple of transfers go through then we’ll have maxed out our IRA contributions.

So, over the next couple of days we are likely going to be selecting one or two stocks or mutual funds to put the money into. We’ve got about $6,000 to invest in both accounts. Its nice to have our nest egg taken care of for this year, but it does leave us with the challenge of properly investing the money.

Here’s some commentary.

1) The World Isn’t Going to End. There has been a lot of pessimistic news coverage about the long term health of the U.S. economy. In spite of many obvious challenges to the nations economic well being we are probably still going to be making a long term investment in equities. The reasoning is that America is still a really wonderful place to make money and create wealth, in spite of current economic and policy conditions.

2) Less Risk. This buy will probably be less speculative than our investments in the past. Right now, we’re looking at larger firms, or some sort of bond or stock mutual funds. We’re probably not going to sell everything and buy a block of shares in one particular stock like we did with Hansens Natural a couple of years ago.

3) Our watch list. We’re still mulling things over, but here are the investments we’re looking at:

1) Vanguard’s Total Bond Market Index Fund (VBMFX)
2) Vanguard’s S&P 500 Index Fund (VFINX)
3) Dodge and Cox Stock Fund (DODGX)
4) Nike Corporation (NKE)
5) Apple (AAPL)
6) Target Corp. (TGT)
7) Dell Computer (DELL)
8) Monsanto (MON)
9) Johnson and Johnson (JNJ)
10) General Electric (GE)

Thanks,

James

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