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darkmagician_007
darkmagician_007 asked in Business & FinancePersonal Finance · 6 years ago

I have a question about saving for retirement.?

I'm currently contributing the maximum amount that's allowed/year to my 401k through my employer. Is it a good idea to open up and invest in a mutual fund account such as Vanguard so I can save more money for my retirement?

4 Answers

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  • ag318pun
    Lv 7
    6 years ago

    Vanguard has some of the best mutual funds.

    Open a Roth IRA into Vanguards Wellington Fund (VWELX)

    Low risk and great returns.

  • SumDude
    Lv 7
    6 years ago

    Have you locked in today's lower house prices and lower interest rates? If you are saving up for the house, a mutual fund sounds like a decent deal. [The stock market has been level for about a month now.]

  • Ambistoma
    Lv 7
    6 years ago

    Yes, and make the account a Roth IRA.

  • Judy
    Lv 7
    6 years ago

    yes

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