Quote:
Originally posted by pornguy
2500 is a good amount.
In some cases you can only put a certain %. Make sure that you pay attention to that.
If you are only alloud a small% then use CD's as a safe way to store the money.
|
I'm not sure if this is what you are getting at or not, but when I did the tax thing last year the most $ they would use twords the IRA tax break was 3k, and out of that $3 I think the break I got from that alone was $1500? - everything over that was only for my benefit and isn't taxable until I pull it out.
CDs last I checked (a little over 6 months ago) were earning the lowest I think I've ever seen them in my life.
I like Fidelity Investments, the money I have with them seems to be doing nicely, the highest earner outside individual stock purchases on my own. Janus so far is doing the worst- not looking good and actually has me at a slight loss, but I'm going to give it time and see if it turns around.