There are several financial options that are the best ways to invest your money for the long term.Depending on your situation, there are details here to see if any of these three plans are sensible financial options for you: Roth IRA, Municipal Bonds,Stocks, and Mutual Funds.

A)Roth IRA-

Your eligibility for a Roth IRA is based on your Adjusted Gross Income, and whether you file your tax return as a single person or whether you file jointly. Your age enters into the eligibility requirements only by setting limits on your contributions. For example, in 2007, the contribution limits are $4,000 if you are under age 50 and $5,000 if age 50 and over. However, unlike a traditional IRA,you are still eligible to contribute to a Roth IRA if you are age 70 1/2 or older and you have earned income.

Your Adjusted Gross Income or AGI determines your eligibility to contribute to a Roth IRA. The AGI ceiling is linked to whether you file singly or jointly.
As a single filer,you are eligible to make a full Roth contribution if you AGI is less than $99,000. If your AGI is between $99,000 and $114,000, you can put a portion (with a gradual decline) of your contribution into a Roth IRA and the remainder into a traditional IRA account.

If you file jointly, your AGI would need to be less than $156,000 for 2007. You can make a partial contribution as a joint filer if your AGI is less than $166,000 for 2007.
With a Roth IRA, your earnings grow tax-free.

Although your contributions to a Roth IRA,are not tax-deductible, the contributions can be withdrawn at any time under certain conditions without penalty or tax. Earnings are free from federal tax if they are withdrawn after age 59 and the account has been open for more tan 5 years.

B) Municipal Bonds
Municipal bonds can be a good investment, depending on the economic health of the city, county, or state governments that is issuing municipal bonds for major building major projects for their locality such as schools, highways, hospitals, and other such projects.

Municipal bonds look good to the investor because these municipal bonds are tax exempt when it comes to federal taxes and can be free of state taxes if bought in the investor's own state . Such municipal bonds may even be tax exempt when it comes to personal property tax. Certainly, if you live in a high tax state, such an investment will be particularly advantageous.

Municipal bonds may also be a good plan because of the relative safety of this kind

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