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Loppfessor
01-03-2007, 03:04 PM
My brother in law works for Fidelity and handles all my investments for me but this year I'm trying to take a more active role in my finances or at least try and understand them more. Anyway can someone please explain to me in layman’s terms what the hell the difference between a regular IRA and a Roth IRA is?? Which is better or what are the pros and cons of each. Oh and what's the deal with mutual funds?? I feel like an idiot asking my bro-in-law but most of you already think I'm an idiot so it's okay...I sincerely appreciate any legitimate input provided. Thanks

marsdaddy
01-03-2007, 03:21 PM
It's not lack of intelligence, but laziness that's killing the youth.

www.fidelity.com

Or, get your Series 7.

Rock
01-03-2007, 03:32 PM
www.howstuffworks.com

then you decide.

Loppfessor
01-03-2007, 03:42 PM
It's not lack of intelligence, but laziness that's killing the youth.

www.fidelity.com

Or, get your Series 7.

Well I wouldn't exactly say I have been lazy....but every time I try and get smart on that stuff I either get extremely bored or confused by all the techincal terms. Thanks for the link though

alruggs
01-03-2007, 05:09 PM
ask suze orman

trailerprincess
01-03-2007, 05:24 PM
I worked for them for nearly 6 years but have no idea about the american investment side so not especially helpful post at all really

Oh well.