Roth IRA - Mutual Fund Contributions?
Thursday, March 20th, 2008
RothIRA asked:
I recently setup a Simple Start Roth IRA from Fidelity and have automatic deposits to a Fidelity Freedom Mutual Fund every month. I deposit $200 each month to the fund and would like to continue so until I max it out for the calendar year. For subsequent years, should I begin contributing to another mutual fund within my Roth IRA to diversify my portfolio fund a little or should I continually contribute to that fund. The reason why I’m asking is because the Freedom Fund I currently have is a target retirement fund. I am interested in more aggressive funds that can help maximize my portfolio.
Question posted courtesy of: Craig
I recently setup a Simple Start Roth IRA from Fidelity and have automatic deposits to a Fidelity Freedom Mutual Fund every month. I deposit $200 each month to the fund and would like to continue so until I max it out for the calendar year. For subsequent years, should I begin contributing to another mutual fund within my Roth IRA to diversify my portfolio fund a little or should I continually contribute to that fund. The reason why I’m asking is because the Freedom Fund I currently have is a target retirement fund. I am interested in more aggressive funds that can help maximize my portfolio.
Question posted courtesy of: Craig
