Moving out of the country in May… what to do with IRA and 401(k)s? I’m planning on moving to the Czech Republic in May. I had to quit my job a couple of weeks ago for mental health reasons and I’m basically planning on floating until the move (I have the savings to do so, luckily). I have a decent chunk of money saved up in my 401(k) from a previous gig, a much smaller 401(k) from the one I had to quit this mon…

2% Quarterly Fee Roth IRA My friend recommended a financial advisor to open a roth ira and the advisor said their fees are 2% quarterly and $40 annually. This would be my first account and I feel like this is a lot in fees. Am I better off opening a roth ira through Schwab, Fidelity or one of those bigger companies? Thanks in advance. submitted by /u/MathaholicAno…

Roth IRA + Income question I believe the 2025 income limits for married couples is $236,000. (I know it goes up to $246,000 in some prorated fashion). This is for MAGI which as I understand it is income + (interest 1099’s) – 401k/TSP contributions – HSA contributions – medical premiums – dental premiums. So this year (2025) is first year I decided to contribute to my 401…

529 to Roth IRA Rollover Questions I’m in the fortunate position to have approximately $6,400 left over in a 529 account that I’m the beneficiary of. My parents financial advisor gave them some (seemingly) incorrect information and I’m trying to determine what my next steps are. -The advisor wanted to open a new 529 account with me as the owner. I’m currently the beneficiary on …

Thinking of transferring 5k from savings into Roth IRA to max 2024 contributions For context, I’m 25. In 2024, I contributed around 2k into my Roth IRA. I know I should’ve done more but I was in the process of paying off some credit card debt. I now have my direct deposits set up to max it for 2025. I can’t afford to put an additional 5k by April in order to max 2024; however, I have 19k sitting in a HYSA right now. Biggest …

How to exit unwanted position in traditional IRA Context: I’ve recently stepped into trustee duties for a 90 year old relative. Their traditional IRA has roughly $1.3M. It was previously managed by a financial advisor who charged around 1% and had them in 20+ (overlapping and relatively high expense ratio) funds. I moved the account to a different brokerage and am simplifying their asset alloc…

401k to Roth IRA Conversion – Does it make sense for me? Hi PF, I am in my late 30s and until recently, have just been putting 10% into my 401k without understanding investing or tax advantages. I am starting to get into personal finance and now I understand that a Roth gives me the advantage of not being taxed on the growth of my investments, unlike the 401k. My 401k has just north of $100k in it. M…

IRA Limits seem too low Why are the limits on IRA contributions so low for the average person? I know if the limit was higher I would contribute more. It doesn’t seem like contribution rate have increased enough. submitted by /u/Current-Ranger-7673

Any way to manually make up 401k contribution for 2024 like you can with IRA? I noticed I was a little short on maxing out last year by a few hundred dollars. Not the end of the world of course but a little annoyed I didn’t increase my contribution percentage earlier to max. I know #firstworldproblems. submitted by /u/Iaokim

Should I be doing better in my Roth IRA? Need someone with a reality check for me. I started my Roth 4 years ago, and have been contributing max to a 2045 VG retirement target date fund. Current stats: Total Cost – 28,014 Total Market Value – 30562 Total Gain – 2548 All – 9.30% 3 year rate of return – 8.90% 1 year – 13.40% Is this good? Is there something I should be doing better? I f…

Should I create a Roth IRA? Okay obviously silly question because we should all create one but my current situation is saving 9% to 401k (with 9% company match) and I have it increasing by 1% every year for now. I also am putting about 10% of my paycheck towards an emergency High Yield Savings. Lastly I just enrolled to put 8% of my paycheck towards my company’s Stock Prog…

Wife began withdrawing from IRA at 59.5 and then began a job So I have to wonder what the tax implications might be. I posted this over at r/Tax but they quickly removed my question. You’d think the r/tax would allow one to ask a tax question, but I guess not. Hopefully I can get an answer here. submitted by /u/retiredfromfire

2024 Roth IRA Contribution Hey everyone, I have a seemingly simple question. I just opened a Roth IRA this month (January 2025). Is it an option to contribute to a 2024 Roth if I didn’t have one in 2024? I’m just hopping on the train with all this and I would love to get another year of investment if I still can. Thank you! submitted by /u/Brestess

Can I Transfer from Vanguard Brokerage into my Roth IRA? I was working for a company and I quit less than a year so there was no match and I had to roll over into a “rollover brokerage account”. That money is just sitting and I was wondering if I could transfer it from Vanguard into my Robinhood Roth IRA. I feel like I could be making more interest in it if it is in my 401k or Roth IRA because I hav…

Dumb question about IRA contributions I have a nice problem: I don’t know where to save all of the money I want to save. I am maxing out my 401k already. ✅ I can fully fund my traditional IRA, but my income is too high to take the tax deduction since I also have access to a 401k. So I’m essentially paying taxes twice: using post-tax money to fund the IRA, then paying taxes when I wi…

Roth vs. traditional IRA & HSA I am 63. Everything is paid off. I am still working. I have traditional IRA ( with IRA CDs), Roth IRA , HSA, and savings including CDs. I was hard headed due to higher interest rates, focused on CDs and maxing out IRA & HSA, with my least focus on Roth. Is the case for Roth that since withdraws not taxed, my focus should be on Roth first? Should…

Must I pay taxes on Backdoor Roth IRA if Trad IRA was funded with after-tax dollars? Early 50s, earning over the max for regular Roth IRA, but trying to add to retirement funds. I’m maxing out yearly contributions to my 401k (employer also matches 4%), and I’m looking to put more money away for retirement in the most beneficial way. I don’t have any IRA at the moment. So, I was considering doing Backdoor Roth. My understanding:…

Roth IRA or Backdoor Roth? Currently I make under the Roth IRA max income limit. But later on in the year, around October, my fiancé and I will be getting married and our combined income will be in the “reduced amount” Roth IRA contribution group and we’re planning on filing jointly. The reduced Roth contribution should come out to $5600 for our incomes jointly. I’m think…

Guidance Request: 401K to IRA (Empower to ?) For the past 6 months I have been reading through posts related to a question that been running through my head: “What should I do with the $200k I have invested in my previous employers 401k – managed by Empower”? The 5 year Rate of return with Empower (1/8/2020 – 1/8/2025) is 8.98% annualized, and 53.72% cumulative. I assume this is not bad? …

IRA / 401k do I combine? Hi all, I have an IRA with 100K+ in it that I converted from a 401K with a former employer. I now have a new employer and have started a new 401K that has a few thousand in it. Is there any benefit to merging the two accounts and bringing over funds from the old IRA to the new 401K? Any other tips or strategies are appreciated. Hi all, I have a …