I am debating starting an IRA and putting in the cap of 3000 each year. I am 27 now, so by the time Im 65 I should have well over a million dollars accumulated. I belive the roth IRA contributions go in pre-tax... Ive been using the money for advertising and PR lately, but I can afford the $250/month contribution without too much of a burden. Anyone care to comment.
Roth IRA is a good option, if you have a very long term plan. It gives you enough flexibility for the type of investment. And, if you ever need it, you can always withdraw your contributions (not earnings) without a penalty. Or, you can wait till that 59.5 years old limit. Good luck!