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<blockquote data-quote="danielb927" data-source="post: 907630" data-attributes="member: 3372"><p>Funny you guys should start this thread, now that I'm out of undergrad and in grad school I've been starting to save up an emergency fund and a retirement fund, and looking at taking a diversified position in ETFs like Dayton was talking about for the latter. Kind of interested in individual sectors/companies but I don't really want to mess around with that at all for now, just looking to build a solid base on something I probably won't be touching for 40 years or so.</p><p></p><p>As a side note for potential grad students (or anyone interested), I was hoping to start an IRA, but learned that income from fellowships apparently doesn't count as "earned" income and can't be used to pay into a tax-sheltered IRA (traditional or Roth). I can't really complain, since fellowships are far and away better than having to find a faculty member to hire you as a research assistant, but I guess since a fellowship doesn't technically have any stipulations as far as having to work to earn it, it doesn't come on a W-2 and can't be paid in to an IRA.</p></blockquote><p></p>
[QUOTE="danielb927, post: 907630, member: 3372"] Funny you guys should start this thread, now that I'm out of undergrad and in grad school I've been starting to save up an emergency fund and a retirement fund, and looking at taking a diversified position in ETFs like Dayton was talking about for the latter. Kind of interested in individual sectors/companies but I don't really want to mess around with that at all for now, just looking to build a solid base on something I probably won't be touching for 40 years or so. As a side note for potential grad students (or anyone interested), I was hoping to start an IRA, but learned that income from fellowships apparently doesn't count as "earned" income and can't be used to pay into a tax-sheltered IRA (traditional or Roth). I can't really complain, since fellowships are far and away better than having to find a faculty member to hire you as a research assistant, but I guess since a fellowship doesn't technically have any stipulations as far as having to work to earn it, it doesn't come on a W-2 and can't be paid in to an IRA. [/QUOTE]
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