Nickname: Kyle

Review: I am 24 years old and I have ING as the best savings account in the world also, but you are still going to have to pay tax on your interest. Unless you can write off the interest with some losses, it's much better to dump retirement into a Roth IRA! Even if you plan on making more then $100,000 in a few years, in 2010 there will be no maximum on what you earn in order to contribute (or have) a Roth IRA. The difference between a taxable savings account and a Roth IRA are insane!! (Check out Dinkytown.net and their Roth IRA calculator, it's really cool). I have the T. Rowe Price 2045, and it seems like we are really lucky to have fallen on what looks to be a winner.

Date reviewed: Feb 19, 2007 10:48 PM

Nickname: skeptic

Review: Sounds like a great article, but I'm a little skeptic about it. I'll admit that I haven't research the above links, but if you really want to be sound about your future investments roll it into a Direct ING account. By industry standards, I believe you are supposed to gain an average of 10% per year. I'm no pro when it come to picking stocks or funds, but safer then sorry. (I gained 30% last year.) Rolling onto a ING-Direct account guarantees that you will only gain. Currently, rates are at 4.35% Not bad eh? Open an account and make it automatically withdraw money from your main account to your ING-Direct account. Leave your ING-Direct account alone, and watch it compound! It's not my advice, but I read about it and am using it.

Date reviewed: Aug 21, 2006 10:37 PM

Nickname: JPC

Review: I'm 24 and agree with Todd. I have 50% in a lifecycle fund, and went as aggressive as possible with the other 50%. As the article states, there aren't a lot of choices within a 401(k) plan, so I keep 50% here and move the other 50% around as I see fit.

Date reviewed: Feb 28, 2006 8:13 PM

Nickname: Stephanie

Review: These target retirement funds sound good. I switched my Roth IRA from the Vanguard 500 Index Fund to the Target Retirement Fund 2045. Thanks for the info.

Date reviewed: Feb 24, 2006 10:55 PM

Nickname: Todd

Review: Good article. I am 25y and have about 25% in the Vanguard fund, but no way should I dump everything into one of these funds, They are doing well over the past year, but other small-cap funds and indexes need to be added at this stage in my life too. I would never recommend dumping 100% of your money into a lifecycle fund. Buy index funds as well.

Date reviewed: Feb 24, 2006 4:21 PM