How to invest? (deposit, income, withdraw, payroll)

[SunFlower33]

I am a divorced/single mom of a college student and high school student. I work for the state so I will have a pension upon retirement, but I am FINALLY in the position that I can start some sort of investing.

Do I go with a Roth IRA or traditional? Or is there something else anyone could suggest?

I would like to do this on my own - not through my employer or direct deposit/payroll withdrawals.

Thank you,

[Rakin]

Start with a Roth if your income allows. It grows tax free.

[mysticaltyger]

Originally Posted by SunFlower33

I am a divorced/single mom of a college student and high school student. I work for the state so I will have a pension upon retirement, but I am FINALLY in the position that I can start some sort of investing.

Do I go with a Roth IRA or traditional? Or is there something else anyone could suggest?

I would like to do this on my own - not through my employer or direct deposit/payroll withdrawals.

Thank you,

If you work for the state you should normally have access to a 403b or 457 deferred compensation plan. So that should be where you look first.

Before you start investing, review Dave Ramsey's 7 Baby Steps:

https://www.daveramsey.com/baby-step...SAAEgJIi_D_BwE