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

Answer:

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.