/biz/ - Business & Finance

I finally paid off all of my debt, so I'm looking to start an IRA. I'm kind of new to investing since this is the first time I've actually had any money coming in to invest, but from what I understand it's a good place to put bonds because gains earned from interest on them is taxed at a higher rate than income earned from stocks, and if I don't plan on going taking anything out of the account for 35 years, it doesn't really matter that they take a long time to mature.

I was thinking I would make it 40% stocks, 30% municipal bonds, and 30% treasury bonds. Is this a good plan, or is it pretty clear that I have no idea what I'm doing?