Should I prioritize a roth IRA over a traditional 401k? I’m 27 with a income around 72k. My current job does not offer any match. I usually can only afford saving 6-7k a year for retirement. Is it a good idea to contribute nothing to my 401k while try to max my roth? submitted by /u/JojoAnthony

Opened a ROTH IRA need some guidance Hello everyone I open a roth ira like last week. I am planning to put 100 monthly for now. My question is when it comes to buying stuff to make it grow (EFTS is the most common I have heard) Is it possible to make this with just 100 a month if yes can someone explain me how and which to use but if not possible if there is any other recommendatio…

Backdoor Roth Q While Moving Rollover IRA to 401k Provider Thanks in advance to this sub, as its amazing at helping everyone, including myself. I understand the Backdoor Roth (BDR) conversion process. For my personal case, it’s easy – I have all of my pre-tax money in a 401k (no other IRAs or Rollovers etc.). My question is for my wife’s situation, who has a Rollover IRA, and I just wanted a sanity che…

Roll over my 401k to traditional IRA vs. ROTH IRA I mentioned about rolling over before but I just want to be extra clear, if I roll over my 401k to a traditional IRA, I can still do what I want like a ROTH IRA but get taxed heavily right? Could I roll over my 401k to a ROTH IRA to get taxed right away before makimg investments? submitted by /u/Ok-Discussion325

Retirement question 401k vs IRA? Apologies for my ignorance, currently in the process of learning about everything. I’m just turning 25 and make $102,000 annually my employer is offering 25% for my contributions and up to 20% of my income. Is it better to stick with the traditional 401k or open a IRA? I would like to retire at 60. Any advice is greatly appreciated submitte…

401k to rollover ira I have a 401k from an old employer through T. Rowe Price. I have the hardest time trying to understand what anything means involving retirement and investment accounts. I just don’t get it and it’s incredibly frustrating because all I want is to simply move my old 401k to a rollover IRA account. I don’t want to use the institution (USI consultin…

Should I have converted old 401ks to new 401k, not Traditional IRA? I think I messed up for 2024 taxes. I converted multiple old Trad and Roth 401ks to my Traditional and Roth IRAs towards end of 2024. My traditional IRA now holds $160k. I did a backdoor Roth conversions in 2024 as well for the full limit. (Same as 2025 and other years but I’m concerned with the 2024 tax year) Reading up on pro rata rule, it loo…

Company 401k vs Roth IRA vs other options I’m starting at a new company that provides a 3% match at 100% and then a 2% match at 50%. Is there any benefit to putting more than 5% into that 401k account? I also have a Roth IRA that I plan on maxing out this year at 7k. Just want to make sure I’m thinking of things right and shouldn’t be diversifying my investments further etc. Thanks! …

Maxing Roth IRA, but then, 401(k) Roth or Traditional? Basically the title. I’m 31M, maxing out my Roth IRA. I have a 401k that’s currently set to 4% Roth contributions, but is that the best or should I switch it to traditional? Is there a way to figure out which combo is best? I feel some people say all Roth is the best, while others say a blend is better. submitted by /u/tcwmatt …

Employer switched from Simple IRA to 401k. What to do with IRA account? Been with my company for over 5 years. When I started, the only retirement plan they offered was a Simple IRA, which I used. About 3 years in, the company switched over to 401k which I’m actively contributing to. The IRA account is no longer being contributed to and I honestly forgot I had it. I can still login to the account though. There’s not…

contributed to Roth IRA but am over MAGI I thoughtlessly and embarrassingly contributed to my ROTH IRA in Sept last year not accounting for the fact that this is the first time I was earning above the threshold. I was unable to contribute to my ROTH in the previous handful of years so was feeling good about having the income to contribute facepalm. To complicate matters, I have about 3…

IRA to 401k question? So I’m getting a new job and they offer 401k. My previous job had a IRA. So my question it do I just transfer the money or how will I handle that. Thank you in advance for your time. submitted by /u/alchavez143

Mortgage payments or 401k, IRA I’ve had an increase in salary from 80k to 155k/year. I’m deciding on how to best divvy up my funds. 30-year mortgage and luckily got a 4.75% rate when we purchased around COVID. Various savings accounts; 529, IRA, and 401Ks with a total of ~40k in savings. 36, married with 2 young children. I’m the only one working. I’m currently putting 15% in…

401k partial rollover to Ira My mother is thinking about rolling over part of her 401k to a Ira to buy a certain stock. My question is will her employer still contribute to her 401k since she’s not rolling the whole thing over and will still contribute to her 401. Her rolling that set amount is all she’s contributing to the Ira. Also I’ve read there’s a 7k contribution limi…

Maxing out HSA Roth IRA and 401k what next? My goal is to retire as early as possible, Im currently maxing out my Roth IRA my HSA and my 401k. Where else can I put my money to grow my money by retirement. I don’t currently have 50k in liquid money that I would need to speak to an FA at my bank but I also don’t want to wait until I get that with just a HYSA until it gets to 50k. Where shou…

Should I prioritize my Roth IRA above all else? Do yall prioritize the $7k/year for Roth IRA contribution first? My “savings” sit in a cash account with 4.25% interest. Should I put $7k in my Roth immediately at the beginning of each year? submitted by /u/Unable_Elephant610

I’m 38 with nothing in retirement, I just opened an IRA how do I invest? Hi y’all like the title says, I am new and very late to the retirement game. I am paying off debt like crazy right now (25K in the last year and a half) and I have started an emergency fund, opened a high interest savings account and opened an IRA with Fidelity. I’m working three jobs at the moment and preparing to switch careers to earn more mo…

Not sure if I should rollover my 401(k) into a Roth IRA Preview your reddit post Clear 38729 Hi all, looking for advice on whether I should roll-over my current 401k into a Roth IRA and, if so, how exactly I do it. Current Assets: 35k in cash 147k in Roth IRA 31k in 403(b)at my current employer 90k in an old 401(k) from a former employer which I’m considering rolling to a roth IRA if this is an optio…

Am I making right choices with my 401k and Roth Ira Hi everyone. I’m 42 this year. Have a 401k with fidelity at around $280000 which i add about 18% and company does 6 % match. Have a roth Ira with fidelity at around $47000 and add about $200 a month. I could be wrong but I don’t think I’m maxing either of them. Should I just add that extra 200$ back into my 401k ? Kicking my self in the foot fo…

If you had to choose just one: Roth IRA or 401(K)? A little about my situation, i’m a 30 year old union tradesperson. I have been living paycheck to paycheck most of my life and I ‘m finally starting to make enough money that I can afford to invest about $100-200 a week. Through my union I am vested for 2 pensions that will hopefully cover a majority of my retirement but I want to do more for my…