Should I try to max out my Roth IRA for 2024? Overview: 22 years old, graduating Spring 2025 with job lined up after graduation. $10k in my checking, $7k left in a college fund, access to $5k in subsidized loans, ~$15k in my Roth IRA (I started it when I was 18 and haven’t touched it the past two years due to college). I owe roughly $4,000 for my Spring semester, and expect about $4500 for …

401k vs Roth IRA given my age/income I am wondering what opinions are for 401k vs Roth IRA. I make 61k / year. Have 5% 401k employer match. And I am 30 years old. Currently, my 401k has 19k and my Roth IRA has 17k. After contributing 5% to my 401k to receive the employer match, I can afford to contribute an additional ~7k over 2025 into either my 401k or max my Roth IRA. I underst…

New Fidelity Roth IRA Hi All. I started my Roth IRA this year and honestly just let Fidelity AI or Auto Invest for me. Should I continue this or should I move current positions into better funds? I set it to the most aggressive setting they allowed. I currently have a $3,200 in the IRA submitted by /u/Thin-Confection7006

Inherited an IRA from my dad. Can I sell assets and buy VTI and VXUS tax-free INSIDE the IRA? My dad died in January and I inherited his IRA. There are 24 different assets in there. Can I sell them and buy VTI/VXUS without having to pay taxes? I want to do everything INSIDE the IRA (I’m not cashing anything out). submitted by /u/MyAltAccount5738

How should I diversify my Roth IRA? 19 year old who plans to open a Roth IRA for long term retirement. Plan on opening with $1-2k now and then putting in $1,000 every year. How should I go about investing that $1k each year? VOO? SPY? VTI? Something else? And should I split it into multiple funds or put all into one fund? submitted by /u/KnowingCresent735

Can I use 2025 income to max out my 2024 Roth IRA limit? Hey everyone, I just opened a Roth IRA today and am fairly new to this. I got my first job in November this year just as a campus job (I’m a student), so I only earned around ~$500 total income for 2024 (not taxed because of standard deduction). I put it all into my Roth IRA, but I’m wondering if income I earn from early 2025 can go towards my 2…

Minor Roth IRA, now 20, estranged from my parents After years of assuming the money was entirely lost to my parents (they stole all my earnings in checking and I had no statements) I randomly just happened upon my old Roth IRA For Minors. I’m listed as a beneficiary and it’s through Fidelity, but I called them and they said I definitely need my parents to transfer the account, even if I’m above…

Is it more advantageous to max my Roth IRA because I am unable to max my 401k? I am a 25-year-old male earning $90,000 a year. My employer offers a 100% match on contributions up to 1% of my income. Currently, I am contributing 15% of my income and investing 100% of that into the Vanguard 500 Index Admiral Shares. I am considering opening a Roth IRA and wondering if it would be reasonable to decrease my pre-tax 401k contr…

Does an IRA make sense for my 59 year old mother? I have a mother who’s turning 59 soon; besides savings in her bank account and social security later on, does opening an IRA makes sense for her now? I’ve done my best to lower her bills and she doesn’t have much debt, but she was wondering if there’s something she can do with her money to grow a little til retirement. She still works but it doe…

What should I start investing my Roth IRA into? Starting in January I will begin to use a budget I’ve been preparing for. My target is to make monthly payments throughout the year to max out my contributions. Out of curiosity what ETF or such should I begin to invest my Roth into starting out? This is retirement so I’m open to any suggestions. submitted by /u/OldPreference1239 …

Can I contribute to Roth IRA in 2025 Roth 2025 Income limit is 165k. My salary is 171k. If I max out my 401k at 23.5k next year, am I under the threshold? I know its MAGI used for the roth limit determination? submitted by /u/No_Wrap_2694

You Can Max Out Your IRA Contributions for Longer Than You Might Think If you haven’t hit the contribution limit for 2024, you can still add to your account after the new year.

Rolling over 401k to IRA Hi! I am currently in the process of rolling over a 401k from a job that I left into an IRA that I just set up with Vanguard. Is it smart to leave my money in that account (with it being invested)? Or should I move it over to a Roth IRA while it’s still a low amount. This is my first account that isn’t a checking/savings and I’ve never invested…

Opened Roth IRA for son but no earned income. My son turned 18 in January and in May I helped him open a Roth IRA at Vanguard. I connected his savings account to the Roth and, to give him a jump start, I gave him $1k to his savings which he deposited into the Roth. Since then he’s deposited $500 from gifts and allowances he’s received. From May until now the Roth balance is $1637. He does n…

401k vs IRA vs Brokerage Account I’m trying to wrap my head around the conventional wisdom that 401k’s are such a great investment option. For the sake of this discussion, please assume this is AFTER EMPLOYER MATCHING contribution have been met. From what I have gathered, the primary benefit of a 401k is controlling when you pay taxes on the money, and potentially paying less…

Withdrawing from a Roth IRA I need to pull money out of my Roth account. I had contributed 18k total, and want to withdraw 5k. All the money is currently invested. Can I sell any stock I want from my portfolio in order to get that 5k without having to pay taxes? submitted by /u/newmanz4

Question about temporary IRA withdrawal. I intend to make a large IRA withdrawal to fund a possible house purchase. If the purchase does not occur, I understand that I have 60 days to return the IRA funds into the original account with no tax consequences. Am I correct that if I take the funds out in December and return them in January, the fact that these transaction take place in dif…

Should I max out my Roth IRA? 21M, in my last year of college getting my master’s degree in engineering. I recently just got a TA position that will pay 2200 a month, which will cover rent and other expenses. I had an internship last summer and have some money left from that as well. I have a subsidized loan through the government, and because I did not know I was getting th…

Should I convert a portion of my Traditional IRA to a Roth Looking for advice from folks smarter than me. I’m 53 and have all of my retirement in a traditional IRA and was thinking I should rollover a 1/3 or so into a Roth. I know I’ll take the tax hit as earned income but I’m thinking about avoiding the RMD at age 72 and the other advantages for my beneficiaries. I did the math with the Roth versus tax…

Does having a rollover IRA prevent me from doing a backdoor Roth? I know with the pro rata rule that having a traditional IRA doesn’t allow you to do a backdoor Roth. My understanding is that a rollover IRA is a traditional IRA so that would still apply. The assumption here is that I’m above the Roth IRA income limit submitted by /u/thefinalburner97