Retirment Accounts (gathering info)

iVillage Member
Registered: 01-02-2008
Retirment Accounts (gathering info)
Wed, 03-13-2013 - 3:11pm


Anyone know of any retirement accounts to keep money safe withouth paying into it or losing money???

any Ideas???

would banks offer this service or suggestions or does one need a financial advisor??

thank You

iVillage Member
Registered: 01-11-2008
Tue, 03-19-2013 - 2:02am
I have used the employee retirement plan at a previous place of employment. The good thing about it is that it was able to travel with me to another job without decreasing in value. Some bank institutions offer traditional IRAs and ROTH IRAs. The traditional allows you tax deductible contributions and the ROTH is not tax deductible. Check with your local bank and see what all they have to offer. You can seek counsel from a financial advisor within the bank. Hope this helps! :)

iVillage Member
Registered: 03-20-2007
Mon, 03-25-2013 - 8:50pm

Hey there!  I am a Financial Advisor, but not with a bank.  I worked in banking for nearly 10 years before I switched to Edward Jones.  I'm not quite sure what you mean by "not paying into it or loosing money".  Do you have one to roll-over from a previous employer?   If you want to roll a previous 401K over, you can do that without having to contribute more if you don't want to.  They only thing guaranteed not to loose money are CD's and those barely pay 1%.  When you subtract taxes from that 1%, and add in inflation at 3-4% a year, you're actually guaranteed to "loose" money every year!  I always recommend that my clients understand where they are putting thier money, and I take the time to explain it so that they do.  If you have additional questions, feel free to post them here or PM me and I'm happy to help!


iVillage Member
Registered: 01-02-2008
Fri, 03-29-2013 - 12:45am


No I dont have any money to rollover so I am starting from scratch... I want to put some money at my age of 59 in retirement accounts to protect it but i dont have any monies to add to it and cant afford to lose money as it will be money I live on...

I would like to be able to take it out again at 59 l/2 to use it again without losing too much..or leave it in the accounts but be able to take some out to live on.

Is this possible?


iVillage Member
Registered: 03-26-2013
Mon, 08-12-2013 - 4:02pm

you may want to read more about brokerage firms.

but ofcourse, it all depends on how the stock market is doing. I suggest you talk to some financial advisors on how to better invest your hard-earned money.



online brokerage article