spartan7886
Familiar Member
Joined: Jan 7, 2011 14:04:22 GMT -5
Posts: 788 
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Post by spartan7886 on Sept 22, 2017 8:55:38 GMT -5
He can only put $5000 a year in a Roth as long as he stays working. That is just a type of account, not a type of fund. If you are talking about $30k, he can just open a regular taxable investment account. Most likely he will not need to pay taxes on capital gains anyway due to his income. If they are just starting to invest and may become concerned if their investments decrease, I would not put them in an S&P 500 index fund. That may be too volatile. You might look at Wellsley or Wellington depending on how conservative you want to go. You could, of course, go with separate stock and bond funds, but that will be more work to keep balanced.
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grits
Senior Member
Joined: Dec 17, 2012 13:43:33 GMT -5
Posts: 3,185
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Post by grits on Sept 30, 2017 18:09:55 GMT -5
Viagra. They'll die happy.
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