Traditional IRA – I think I goofed I (30m/ $125k/yr) am new to investing and managing finances. I left my previous employer and rolled my 401k with about $74k over into a Traditional IRA 2 years ago. I then went and spent it all on VOO, SPY, QQQ, VTI, and few other index funds and a few different stocks (AAPL, NVDA, GOOGL and a few others). The plan was to go with what seemed po…

Impact of transferring 401K to traditional IRA on Backdoor Roth IRA Some articles suggest transferring 401K to TIRA after leaving a company (say, https://www.investopedia.com/articles/personal-finance/071715/8-reasons-roll-over-your-401k-ira.asp) I was wondering the tax implication of doing so if I still want to do backdoor roth IRA contribution (~$7000 this year). The IRS’ pro-rata rule requires you to include …

What to invest in Roth IRA vs 401k? Are there certain index/mutual funds that make more sense to hold in a Roth IRA or 401k? I’m looking to diversify the types of index/mutual funds I hold across my accounts. Currently I have my Roth IRA holding 70% S&P 500 and 30% in a Total market fund. I’m thinking of investing in a growth fund and possibly a smaller allocation for an income …

Should I put money into IRA for one year? I started a new job and it’s likely that I will spend only one year at this job before going to grad school (for 4 years). I am 22 years old and this is a point of my life where money is tight. After grad school, I can invest a lot of money but right now even a $1000 in my IRA would be better used if it was in my pocket. I know early investing i…

Roth IRA withdrawal rules Suppose my Roth IRA consists of the following: $25,000 in Roth IRA contributions + $5,000 in earnings $25,000 in Roth 401k rollover + $5,000 in Roth 401k earnings Am I correct that I can withdraw up to $50,000 tax and penalty free at any time for any reason, and I can withdraw up to $60,000 as long as I meet the 5 year rule and use it for a ho…

Roth IRA question and income I am retired and collecting SS, have a pension and take a small amount out of a 401k each month. I also work part time and may Make 7-8000 a year. Since it seems you must have income to contribute to a Roth, can I put all my wages into a Roth? Also, when I am 73 and the mandatory divestment of the IRA and 401K occurs, can I just move them into a…

Possible to transfer IRA funds to spouses IRA? My wife and I are retired. I have a traditional IRA, my wife does not. We are about to separate (not divorce) and I would like for her to set up an IRA. I would then like to transfer funds from my IRA to hers so that she can receive income and assume the tax responsibility. The objective being for me to avoid a higher tax rate than if I just tak…

Should I bulk up my Roth IRA if I am not sure I will live that long I’ve scrolled through this subreddit and the general consensus seems agree to give it to beneficiaries. I don’t have anyone in my life to leave all my assets to. I don’t see myself reaching 60 and claiming all the money from my Roth. I know that I’m not the first person to think of this question but there isn’t a clear array of options for me to…

To Convert a large Rollover IRA? I’m likely to hit the income cap for annual Roth contributions. Per my understanding I’d have to pay taxes on my rollover IRA in order to do a backdoor Roth in the future (assuming income remains above the cap). I have about 15-20 yrs until retirement but the rollover is like 500k – that’s a lot of taxes and potential missed future growth opport…

Grandparents Passed Away, Received a Roth IRA and a traditional IRA. Looking for some insight on expenses at 21 years old + Long term investing I had my nana and grandpa pass away recently. In total I received 23k. 4k in a Roth and rest in the traditional IRA. I got this through fidelity. Reading through other people’s advice/suggestions, I just wanna set myself up now to have a better spot in 5-10 years The savings I currently Have is going to go towards moving within the next few mont…

SEP IRA Retirement Planning Hello, Looking for some help understanding how to plan for the use of my company’s SEP IRA and its impact on my retirement planning. I make $90,000 and contribute 10% into a Roth IRA/retirement brokerage account on an annual basis. My firm also contributes 10% into an IRA SEP. How should I think about these contribution amounts? I’m familiar wi…

How do I calculate my Roth IRA investments. If I’m 30 and I put $50 into my Roth IRA weekly how much will I have accumulated in 25 years? How do I calculate that? submitted by /u/angrycactus92

How do I decide who to open a Roth IRA and HSA with? There are so many apps and companies that offer it. Idk what to look for. Does it matter? submitted by /u/sh_b_

How to ReInvest IRA Funds I was able to recover “lost” IRA funds from a previous employer that was sitting in a Retirement Clearinghouse account. It’s a small amount, about $4,800 (probably 3,300 after taxes), should I reinvest in my IRA or take it to the market and aim for 7% returns?!? submitted by /u/shaggyfoot33

What to do after maxing out 401k, Roth IRA and HSA? Hi all, I am currently maxing out my 401k (and employer match), Roth IRA and HSA every year. After all three of those are maxed out, I have also been investing in my brokerage account (mostly a broad Vanguard 3-fund domestic, international and bond account), and occasionally individual stocks, T-bills and bonds, though I mostly stick to index fu…

Question about Roth IRA How long are you supposed to hold the stocks that you have your IRA invested in? Until you retire? Let’s say I max out my Roth contributions every year by depositing $580 a month. Do I just keep buying $580 worth of stock every month until I retire? Shouldn’t I be investing the money I make from the stocks? submitted by /u/slinkipher

What is an IRA and why shold I contribute Ok, so i am 54 years old, wanting to pay off debt, and start saving for kids college and retirement. I know its late but i am done not being bettter with my finances. I am hearing about I should consider conributing to an IRA… how does this benefit me. I really dont know anything about finances and the more help i get for trying to understand …

Rollover IRA vs Roth IRA Are these the same thing? Had a 401k in a previous job turn into a rollover IRA. Can I open up additional IRAs? If so is there a limit? submitted by /u/shavbate

401k Rollover to IRA question Hey folks, So I am looking at some old 401k’s today and was planning on rolling them over into an IRA so I can keep track of them. I have one from an employer about 5 years ago, and another from the employer I left last month. I read some stuff about backdoor IRAs and searched the sub, not sure that I entirely understand them, but my wife and I…

One question about Roth IRA vs 401K I teach basic personal finance for high school and am pretty embarrassed that I don’t even know this info. I’ve always been told that the main deciding factor in the Roth vs 401k question is whether you think your taxes will be higher now, or when you retire. So obviously if I’m climbing up on my field, my salary will go higher, therefore makin…