<p>Hi,</p>
<p>I'm a Junior who has about $2500 in my savings account. I'm looking to invest my money in something, but I have no idea what my best option would be. Is there anything that I can put my money into that will not be figured into the college admissions process.</p>
<p>You can put it in a Roth IRA. Say goodbye to it until you turn 59 1/2. No joke. You just won't believe what a good idea this is.</p>
<p>An excellent idea, actually. That is, if you won't need it for 40 years or so.</p>
<p>Actually, it's a great idea even if you DO need it earlier than that. Check out this article to help you understand the process: <a href="http://www.fool.com/news/commentary/2003/commentary030416.htm%5B/url%5D">http://www.fool.com/news/commentary/2003/commentary030416.htm</a></p>
<p>Basically, you can withdraw the principle tax-free at any time, as long as you don't touch the interest until a certain age/time.</p>
<p>I was kinda looking at something for a year or two. Maybe an i-bond from the government?</p>
<p>whats Roth IRA</p>
<p>Roth was the senator from Delaware who was the lead sponsor for the legilsation that ended up establishing the IRA where you could withdraw your money tax-free after age 59.5. Money withdrawn from a "regular" IRA after that age is taxed at your income tax rate.</p>