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Basics Of Mutual Funds Beginning of Paper In this report I decided to take advantage of an opportunity to get information on how best to invest money for my daughter’s college fund. The choices are between Mutual funds or an IRA. Thanks to the research I did for this I have made up my mind how best to invest my money. M .... Middle of Paper .... Some exceptions are death, disability or first time purchase of a home. There is also an Educational IRA which you can contribute a maximum of $500 per year per child. This obviously is only good enough for a college education if you plan to invest in other places. On the AOL site I used it had a page where you enter in your date of birth and how much money you wish to contribute. I entered in both DOB-7/9/79 (approximately 46 years until retirement) and that I wish to contribute $2,000 a year. It then stated that with a Roth IRA I .... 1314 words | 5 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95