Thanks a lot Tisa, for answering my query on ROTH IRA. So how do I go about opening ROTH IRA account? I am on company sponsored 401K plan and I do my stocks from scottrade. Do I need to go through a brokerage firm or can I set that up from website like scottrade and ameritrade? And let me summerize my understanding of ROTH IRA one more time here....so it is basically like your 401K, and can put aside up to $4000 a year in tax free income. Once you open an account, you have the flexibility of buying shares of your choice and any income you make from that investment can only be used upon your retirement? Please correct me if I am wrong and also thanks for your advice on Life Insurance. I am a young single person so only have company's life insurance policy, but once I have family and kids, I will definitely buy six figure policy and anyone with family must must have it...especially in a place like America. Chatmandude, I am a man so please refer to me as a brother :-) and you are very welcome about the newsletter...hope you learned a few new tips from it. I will continue to upload other related files in the same site, so everyone feel free to download it anytime you want. One other thing....few folks above were talking about shares that pays dividend. Couple stocks I know that pays really high dividend are: Fording Canadian Coal Trust (FDG) - this company pays $5.50 in dividend which is 14.40% of its share priced at $38.25 per share. Another high dividend paying company is Souther Copper Corp. (PCU) - it pays $6.37 in dividend which is 9% of its share priced at $71.01 per share. If I had more money to invest, I would definitely buy some FDG shares since its dividend is awesome for the price of its share. Best thing about dividends are you only have to pay 15% tax on 'em.