tag:blogger.com,1999:blog-3701226007487658092.post5500801163836999120..comments2008-04-15T10:33:19.805-07:00Zachary Fruhlinghttps://profiles.google.com/111241957736411256612noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3701226007487658092.post-42095054015052446492008-04-15T10:33:00.000-07:002008-04-15T10:33:00.000-07:00Hi Anonymous,<BR/><BR/>Thanks for your questions. Whether you can get rich at 50 is a function of several factors, including how old you are currently and how much money you can regularly contribute to your retirement accounts such as a Roth IRA and 401(k). <BR/><BR/>If your company has a 401(k) matching program, then you absolutely must enroll in that because it is free money that you do not have to work for.<BR/><BR/>As for the Roth IRA question, a Roth IRA is just a type of account in which you can invest whatever your like. I suggest you open a Roth IRA through an online brokerage such as Sharebuilder.com and contribute to it regularly. Here is a look at how I have set up my own <A HREF="http://www.seemegetrich.com/2007/03/roth-ira-my-etf-portfolio.html" REL="nofollow">Roth IRA with ETFs</A>. I suggest using index funds that mirror one of the broad market indexes like the S&P 500 index. <BR/><BR/>The description of your situation was a little vague, so it is hard to give any more specific advice, but the main factor is putting away as much as you can between now and your target retirement date. <BR/><BR/>Thank you very much for your questions, and I hope this points you in the right direction.<BR/><BR/>All Best,<BR/><BR/>ZacharyZacharyhttp://www.blogger.com/profile/16883625425421411114noreply@blogger.comtag:blogger.com,1999:blog-3701226007487658092.post-25342726931609934002008-04-15T06:59:00.000-07:002008-04-15T06:59:00.000-07:00I just came across your site today and I am trying to learn more about investing. Is it possible to get rich at 50? What Roth IRA's can you suggest for me? I have a retirement at work but need a good Roth IRA to get into. Since I am a late starter or new at this I need all the help I can get.Anonymousnoreply@blogger.com