Both vehicles were built to transport big loads over long distances. When it comes to investing for your retirement, you'll want to put your money in a vehicle designed to transport you into your golden years. You need to utilize retirement accounts engineered specifically for this purpose. If you've joined the working force, the main vehicles you'll focus on will probably be Roth IRAs, traditional IRAs, and 401(k) plans. In essence, these vehicles enable you to invest in mutual funds, stocks, and bonds. As your investment portfolio grows, you might decide to buy specific stocks on your own. Long-term investments carry varying degrees of risk and varying yields. To effectively invest, you do not have to be an expert, but you do need to have enough understanding of how various vehicles work to choose the best for your situation and your temperament. TAKE AN ACTIVE ROLE WITH A ROTH IRA The first investment we will explore is the Roth IRA. If you have read other investment books, you already know that this advice is different from what is often recommended.
