IRA account, how do I?

Discussion in 'UPS Retirement Topics' started by Damondogg, Jul 10, 2015.

  1. Damondogg

    Damondogg Member

    Since I'm still employed with UPS, I can't open a Roth so an IRA is what I'm looking into doing to go along with my 401K. How do I setup an IRA account?
  2. upschuck

    upschuck Well-Known Member

    Go to the site you want to open IRA with, and click on "Open IRA" button, the follow the steps. UPS does not offer that service.
  3. Gumby

    Gumby *

    I have mine through Vanguard. Go right online and open an account. That easy!

    Or you can invest some of your 401k into the ROTH option.
  4. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    What do you mean you can't open a Roth?
  5. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    My brother texted me the other day asking how to open an IRA for his wife to be.

    I wanted to say if you can't click open IRA and follow the steps you have no business handling your own retirement.
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  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I have a Roth IRA in addition to my Prudential 401k.
  7. Gumby

    Gumby *

    Same here. He was replying to the original post. Somewhat confusing.
  8. Damondogg

    Damondogg Member

    Cool. Thanks for your help!
  9. olroadbeech

    olroadbeech Happy Verified UPSer

    Roth is the way to go. you pay taxes on money before you put it in and don't have to pay taxes when you take it out.

    my spouse doesn't work so we were able to max out the IRAs and the 401k. that saved us a boatload on taxes.

    we use Vanguard too ( as another poster does) since they are top professionals and very LOW fees with good performance like the vanguard 500 fund . they have a lot of INDEX funds like International funds and such which are not as risky.

    all the big mutual funds have 1-800 numbers. call them and ask questions.
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