Personal Development for Smart People Forums - View Single Post

{aspiring_to_clarity} · 07-11-2007, 04:28 PM

I have some money sitting in my regular savings account earning less than 1% interest. Obviously this is not ideal. I was wondering what experience everyone has with things like ING Orange Savings account and the like. I would rather my money be doing something for me. It's not a huge amount, so I also wonder what the minimum requirements are for accounts like this.

Also, I figure I should do something about setting up a retirement savings, but I am clueless as to how this works (my job does not offer 401K etc). Any advice would be appreciated...I am thinking IRA? I am not interested in volatile stocks...something pretty safe would be best for me right now as I get my feet wet.

Thanks.

07-11-2007, 04:28 PM	#1 (permalink)
{aspiring_to_clarity} Family Member Join Date: Dec 2006 Location: Texas, USA Posts: 3,709 ${aspiring_to_clarity} will become famous soon enough$	Savings advice I have some money sitting in my regular savings account earning less than 1% interest. Obviously this is not ideal. I was wondering what experience everyone has with things like ING Orange Savings account and the like. I would rather my money be doing something for me. It's not a huge amount, so I also wonder what the minimum requirements are for accounts like this. Also, I figure I should do something about setting up a retirement savings, but I am clueless as to how this works (my job does not offer 401K etc). Any advice would be appreciated...I am thinking IRA? I am not interested in volatile stocks...something pretty safe would be best for me right now as I get my feet wet. Thanks.
${aspiring_to_clarity} is offline$