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On Unicornback
Oct 17, 2004

I'm 24, finished my first calendar year of my career and have saved up $10k all in an ING Savings account. I didn't sign up for my 401k at work because they don't match until like 3 years of service and I doubt I'll be there then.

I have a few mutual funds and/or IRAs started by my parents years ago, but I'm not really sure what they are. I'll sit down with them and get all that info over Xmas.

However, now that I'm a big boy I'd like to also start to plan for retirement myself as well, so from reading this thread a Roth IRA at Vangaurd sounds like my first step. Any advice on which to pick as a very passive investor? I suppose I'll go ahead and take $5k and max out that account for 2008.

Is this the right path to start with?

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