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You are here: Experts > Business > Finance > Personal Investment & Financial Planning Q`s > IRA
Expert: Bruce Julien - 10/31/2009
Question
Hello-
I have a mutual fund traditional IRA with TR Price that is giving me 0% interest and I am considering transfering it into a short term bond fund (Seeks to provide a high level of income consistent with minimal fluctuation in principal value and liquidity. Invests primarily in a diversified portfolio of short- and intermediate-term, investment-grade debt securities.) or a taxable bond fund "GNMA" (Seeks to provide high current income consistent with high overall credit quality and moderate price fluctuation. Invests at least 80% of assets in securities that are backed by the full faith and credit of the U.S. government, primarily GNMA mortgage-backed securities.)
or a US bond index fund (Seeks to match the total return performance of the U.S. investment-grade bond market as represented by the Barclays Capital Aggregate Bond Index, formerly the Lehman Brothers U.S. Aggregate Index.) There is also a "new income" taxable bond fund (Seeks to provide the highest level of income consistent with preservation of capital over time by investing primarily in investment-grade bonds.)
I am seeking the lowest possible risk but still giving me a few points of interest. Of the four funds I mentioned above, which ones would you consider the riskiest? To me, the second one doesn't sound good because it is backed by GNMA mortgage-backed securities. Would you concur? I am not savvy about any of this. Thank you.
Answer
David
You have to ask TRPrice
I can't offer specific investment advise on this forum.
If they can't help you shouldn't work with a no load firm directly, solo. You need to have a local fee based planner to guide and interpret what you are trying to to. TRPrice is great, if you know what to do. You say you aren't savvy and I'd hate to see you hurt yourself
Good luck, sorry not much help
Bruce
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