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Update on IRA

March 23rd, 2007 at 09:25 am

I've had my Roth IRA with Vanguard for a little over 2 months now, and I just wanted to give an update.

I put in $2000, and have an automatic $50 going in on the 16th of every month.
The only fund I was able to get with this money was Vanguard STAR (http://finance.yahoo.com/q?s=VGSTX).

I have put $ 2,099.98 and now own 99.672 shares, for a total value of $ 2,134.97. That's +1.67%.

I thought that IRA contributions were deductible, but found out that Roth IRA contributions were not. I'm already not going to pay taxes on the gain, so I guess I should consider myself happy.

2 Responses to “Update on IRA”

  1. Ima saver Says:

    I have that fund also.

  2. kv968 Says:

    Although you don't get a tax deduction now, a Roth is the best way to go.

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