TAKE: Always keep a cash reserve, but for intermediate to long-term investing, use a Roth IRA. It grows tax-FREE and has liquidity… it is by far the best vehicle for you to use. For a complete explanation and funding vehicles to use, read If I Had a Million Dollars: How to Achieve Financial Independence BeforeYour Parents Do, or some book like it. Here is an excerpt from my book:
Timothy P. Munkeby is an author and speaker on financial and career literacy living in Minnesota. Look for his books Back to the Island and If I Had a Million Dollars.
I write to consider how we all might best shuffle through the world's waltz without stepping on each others' toes. Of course, I must also entertain or all is for naught. Poking at the systems that create injustices, my stories hopefully connect with emerging generations or, also hopefully, anyone who believes they can still make a difference.
Timothy P. Munkeby is an author and speaker on financial and career literacy living in Minnesota.
Copyright © 2009-2021 Timothy P. Munkeby. All Rights Reserved.
