Comments on: Planning For My Roth IRA: Looking At Vanguard’s Target Retirement Funds

By: Lisa

Lisa — Fri, 15 Feb 2008 05:54:56 +0000

I’m considering investing in a Vanguard Target Returned Fund as well and am looking forward to hearing more about your experiences with it.

By: MM

MM — Wed, 07 Feb 2007 15:51:51 +0000

Our 401k is invested with Vangaurd’s Target Retirement 2030 and we’ve been very pleased. I’ve enjoyed reading your articles on Roth IRA planning, as we also intend to max out both of our contributions this year, and in the same way you intend (except we’ll diverting $300 per pay period). Unlike you, we don’t intend to manage the fund ourselves. Best wishes to you!

By: Atticus Thomas, CPA

Atticus Thomas, CPA — Sun, 07 Jan 2007 00:54:37 +0000

There are several things tax-wise that you need to keep in mind when investing in a Roth IRA.
There are phase-outs if your income (modified AGI) exceeds $95,000 (single) or $150,000 MFJ.
There are lower income limits for converting/recharicterizing other IRAs to a Roth.
I’ve written a few blog entries about Roth IRAs in my blog at http://taxman.blogspot.com
A big advantage, when you are older, is that if you still have earned income you can still contribute even if you are 99 years old.