# Roth IRA
**URL:** https://forums.speedlife.net/t/roth-ira/179150
**Category:** PittSpeed Off Topic
**Created:** [December 30, 2005, 2:01pm UTC](https://forums.speedlife.net/t/roth-ira/179150 "2005-12-30T14:01:02Z")
**Posts on this page:** 12
**Page:** 1
### Author:  [@Slim\_06\_F-150](https://forums.speedlife.net/u/Slim_06_F-150)
#### Post date: [December 30, 2005, 2:01pm UTC](https://forums.speedlife.net/t/roth-ira/179150/1 "2005-12-30T14:01:02Z")
Anyone got one? or know anything about em. I been researching this online and it seems like a very good idea to have some money for retirement.
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### Author:  [@YellowZ](https://forums.speedlife.net/u/YellowZ)
#### Post date: [December 30, 2005, 2:07pm UTC](https://forums.speedlife.net/t/roth-ira/179150/2 "2005-12-30T14:07:26Z")
Do you have an employer that offers a 401K or 403B?
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### Author:  [@Bravada\_442](https://forums.speedlife.net/u/Bravada_442)
#### Post date: [December 30, 2005, 2:25pm UTC](https://forums.speedlife.net/t/roth-ira/179150/3 "2005-12-30T14:25:39Z")
Slim did you or do you know Dave Hricisak, was in my grade in high school? He’s a financial advisor for Waddell & Reed, he’d be the man to talk to about that.
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### Author:  [@22PSI](https://forums.speedlife.net/u/22PSI)
#### Post date: [December 30, 2005, 3:05pm UTC](https://forums.speedlife.net/t/roth-ira/179150/4 "2005-12-30T15:05:54Z")
> [@Slim 01 WS-6](#):
>
> Anyone got one? or know anything about em. I been researching this online and it seems like a very good idea to have some money for retirement.
i have had one for about 2 years now, made a good bit of money on it also. i would highly reccommend getting one. there are many places out there to get one.
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### Author:  [@smokeyburnouts](https://forums.speedlife.net/u/smokeyburnouts)
#### Post date: [December 30, 2005, 4:14pm UTC](https://forums.speedlife.net/t/roth-ira/179150/5 "2005-12-30T16:14:09Z")
i have one w/ First Investors and i have a 401k plan at work
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### Author:  [@taco](https://forums.speedlife.net/u/taco)
#### Post date: [December 30, 2005, 6:59pm UTC](https://forums.speedlife.net/t/roth-ira/179150/6 "2005-12-30T18:59:36Z")
I don’t have one but I need to get my act together and go get one. They seem to be the best form of retirement investing available right now if they stay in the present form when we reach retirement age.
I need to find a good investment company to get one setup.
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### Author:  [@whitey](https://forums.speedlife.net/u/whitey)
#### Post date: [December 30, 2005, 10:53pm UTC](https://forums.speedlife.net/t/roth-ira/179150/7 "2005-12-30T22:53:57Z")
yep i got one
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### Author:  [@Laura00WS6](https://forums.speedlife.net/u/Laura00WS6)
#### Post date: [December 30, 2005, 11:08pm UTC](https://forums.speedlife.net/t/roth-ira/179150/8 "2005-12-30T23:08:13Z")
b/f just mentioned that to me today…seems like a good plan
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### Author:  [@Slim\_06\_F-150](https://forums.speedlife.net/u/Slim_06_F-150)
#### Post date: [December 31, 2005, 7:40am UTC](https://forums.speedlife.net/t/roth-ira/179150/9 "2005-12-31T07:40:06Z")
i dont have a 401k so this looks like its gonna be my retirement plan,
anyone know how much you can actually save through this plan my buddy was saying something like if you put in 4000 a year till you retire it could be around 2 million when retire, sounds crazy to me. anyone know if there is any truth to it. i plan on making an appoitment at my bank to get some insight on this.
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### Author:  [@rookee](https://forums.speedlife.net/u/rookee)
#### Post date: [December 31, 2005, 8:22am UTC](https://forums.speedlife.net/t/roth-ira/179150/10 "2005-12-31T08:22:01Z")
i got one too. roths are great bc you can save young but use them penalty free for a house downpayment. (don’t quote me i don’t remember the specifics)
Andy Haag, from Janey Montgomery is my guy. They were Parker Hunter but got bought and then cleared house so only the solid guys are left. Good guy, he never EVER pushed me to do more than I wanted.
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### Author:  [@rookee](https://forums.speedlife.net/u/rookee)
#### Post date: [December 31, 2005, 8:24am UTC](https://forums.speedlife.net/t/roth-ira/179150/11 "2005-12-31T08:24:13Z")
> [@Slim 01 WS-6](#):
>
> i dont have a 401k so this looks like its gonna be my retirement plan,
>
> anyone know how much you can actually save through this plan my buddy was saying something like if you put in 4000 a year till you retire it could be around 2 million when retire, sounds crazy to me. anyone know if there is any truth to it. i plan on making an appoitment at my bank to get some insight on this.
it’s entirely possible. there are all kinda stats. one showed that 10k invested at 25 could earn as much as 10k a year from 40 to 63, or something like that. i used to work for Northwestern and got to learn the ins and outs but i’ve forgotten just about everything since then.
compounding interest spread over several funds \> \*
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### Author:  [@BlkP42E](https://forums.speedlife.net/u/BlkP42E)
#### Post date: [January 1, 2006, 12:21pm UTC](https://forums.speedlife.net/t/roth-ira/179150/12 "2006-01-01T12:21:32Z")
I was really throwing around the idea also