What percentage of your income should you invest in mutual funds and IRA?


If you do not have an employer sponsored 401k where they match money that you put in and the IRA is your main source of retirement savings I would do at least 10% of my yearly salary or the max of $5,000. Then if you still have a good bit of investing money left over and I would look into stocks that pay good dividends and start collecting some of them as well because they will pay you back over and over, I would just make sure you collect good solid companies stocks and get a wide variety in many different sectors if you go with this strategy. Here are a some good blogs I would join to help you learn more about investing.

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