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By Christine Benz | 04-03-2009 10:09 AM

Two Fitting Funds for Your IRA

Morningstar's Russ Kinnel offers up a recently reopened Morningstar favorite and a top TIPS fund for consideration.

Christine Benz: Hi, I'm Christine Benz from Morningstar. It's tax time and that means you have until April 15th to fund an IRA for the 2008 tax year. With that in mind, I thought it would make sense to sit down with some of Morningstar's most senior analysts to get their picks for funding an IRA.

So, here today with me is Russ Kinnel. Russ is Morningstar's director of fund research, and he's also editor of Morningstar FundInvestor. Russ, thanks for joining me.

Russ Kinnel: Good to be here.

Christine Benz: Now, one of your picks, Sequoia SEQUX is a fund I like a lot, too, and it's one of the many funds that just reopened last year. So, talk about why you think Sequoia is such a great fund pick.

Russ Kinnel: This is one of the great all time funds, and it reopened last year after 25 years of being closed because they were slowly losing some shareholders. But, it's still a small fund and just a great fund in the Warren Buffett mold. They have ties to Buffett. They are long term investors who look for really good companies with low debt, and low debt, obviously, is a good place to be right now, given how difficult the situation is for banks.

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