conversation: User (RonDevil77): "pardon the barrage of noob questions btw...  \n\nAfter paying off any remaining credit card debt and college loan debts, what types of accounts should I be storing my money in? Current bank savings accounts have a terrible return rate, looking to supplement with anything that will net a larger return.   \n\nI have a 401k, but how do I go about properly managing it? Or is it best to simply let a company such as Fidelity do everything for me?   \n\nI would like to hold some of my assets in more long term investments like bonds or mutual funds, but I have no idea as to how they function. Is it true that because I am still young I can get away with riskier investments such as the stock market? If so does anyone have any insight as to how much of each type of investment i should have and where to allocate funds to?\n\ntldr: Im really just looking to better manage my money so that further down the line I have diversified my assets in a way that provide better return than simply dumping money into a retirement account and hoping stocks do ok.  \nComing from the more experienced guys here on reddit, what kind of investments would you have made back when you were a young buck? where would I start? "
  Self: "Roth, Roth, Roth!  Use the government's greed (they want the taxes up front) against them"
  materialdesigner (materialdesigner): "For someone making 100k a year, a traditional tax treatment is likely a better option. That said, at 100k a year, they also can no longer deduct traditional IRA contributions, so roth is the "only" option."
  Self: "So what is wrong with a Roth?  I am confused....take the tax hit now and laugh you ass off when you retire to a tax free income."
  whtshdmynmbe (whtshdmynmbe): "The tax hit now might be bigger than the tax hit you would take later.  This is more likely if the OP currently has a relatively high income."
  