Vanguard Roth IRA all in VASGX. Want to move it all to VOO and can’t figure out how. I have my full Roth IRA in VASGX and would like to move it to VOO but can’t for the life of me figure out how to do it on the website. Anyone know how to do it? Thanks. submitted by /u/Gudger

Rules for funding a traditional IRA? TLDR; Set up a traditional IRA with Charles Schwab for my self-employed dad who’s 55. He is the sole owner of the company which is structured as an S Corp. Can he fund the IRA using his business bank account? Or does it have to be his personal account To be clear this isn’t a SEP. To my understanding a SEP can be funded with a business account, …

Question about maxing out my IRA and 401k I have a personal IRA with Fidelity that has a cap of $8,000.00 per year. I also have a 401K (through my job) which I believe the cap is something like $38,000.00 a year. From a Taxes point of view, when I hit the limit on both do they both count as ways to reduce my income taxes? Meaning is there any risk if I max out both of these come taxes t…

Backdoor Roth IRA with money in Traditional IRA Hi all, I would like to do a backdoor Roth IRA conversion for the first time this year. I have ~$7,000 in my traditional IRA that was put there in previous years. If I put in $7,000 this year to convert, it will invoke the pro-rata rule, with $3,500 going from my ‘after tax’ and invoking a tax bill on the other $3,500, correct? Is there a way to…

New to IRA and the whole stocks thing Setting up an IRA for myself and I understand S&P is the safest most recommended choice- does anyone have any insight on if there is maybe a better choice? I don’t mind being a little risky if it means bigger payout in the end. Just want a little advice from the ones who dabble with this on the daily. I am 27 and not looking to pull out for a go…

Transferred my Roth IRA I just recently transferred over my Roth IRA from an account with my small home town bank to fidelity. It took a long time for the funds to transfer but finally they are there. I’ve had this account for a couple years and contributed biweekly but never learned about the power of investing. I want to make sure I understand this correctly without …

I put 1k a month into my 401k and 500$ a month into my Roth IRA. Should I stop contributing to my Roth IRA and dump everything into 401k? I currently have 60k in my Roth IRA and almost 75k in my 401k. Fully funded emergency account. No debts besides mortgage. Age 31, I make $91,000 a year. submitted by /u/MoistYear7423

Help me with my Roth IRA please! Hello, I am a 20 year old male who wants to get an early jump onto investing into a Roth IRA. I am not financially educated in the slightest and want some tips on how to set up an account and maximize my benefits. I’ve tried researching and am always running into contradictory opinions. If someone could please just help me with telling me what i…

Backdoor Roth IRA – question Hi, I had gotten some help here in doing my backdoor roth early this year. I understand how to take a lump sum and do the back door, but how does this change if i want to contribute monthly to my IRA? do I need to do a backdoor each month? or can I leave the money invested ina traditional and then convert it at the end of the year? Or just “cont…

Advice needed for retirement via Roth IRA I opened a Roth IRA 3 years ago. I’m a registered nurse and want to make damn sure I don’t end up in a nursing home or some shit like that when I’m old. I max it out every year. So far, I have been investing primarily in SP500 mutual funds. I have heard that a retirement account should have a stock/bond balance as a safety net. Any advice on gro…

I have about 5 grand saved in a vanguard Roth IRA I have about 5 grand saved in a vanguard Roth IRA for long term use, where is the best place to allocate these funds? I was thinking a mutual fund? submitted by /u/tdepatto

Am I paying too much for my Roth IRA? I’m a teacher in public school- been teaching for 12 years. I’ve been saving through state retirement, but I wanted to supplement my savings for retirement. I opened a roth IRA through a firm that ran my parent’s retirement, and my aunt’s and uncle’s.They got me linked up to Capital Group American Growth Portfolio. I don’t have a lot of money i…

Why should I not cash out my ROTH IRA for refinance? I have a ROTH IRA with $104,000 and a Traditional 401k with $198,000. I earn $105k annually and am 39. I’d never think of cashing out my ROTH previously, but I was granted 100% VA disability due to a chronic lung issues the VA diagnosed me with back in 2009 that became presumptive in 2023. I was a fuel specialist and worked in a burn pit in Iraq…

Is it wise to have both a Roth 401(k) AND a Roth IRA? I recently started my first job out of college, and have begun contributing to my employer-provided Roth 401(k). I plan to open an IRA account as well, but I’m wondering if it would be redundant to have two Roth retirement savings accounts. I don’t plan on pulling any money out until retirement, but obviously I can’t know what the future holds a…

Should I rollover my TSP into a Roth IRA? Hey guys, I have a leftover TSP from my time as a federal employee with $17k in it. I am no longer a federal employee and was wondering if it would be smart to rollover that 17k into a new Roth IRA that I am considering setting up. I am quite ignorant when it comes to retirement accounts, but I am trying to learn. Any help is appreciated. Also,…

How to Know If It’s a Good Time for a Roth IRA Conversion With Trump-era tax cuts set to expire next year, now might be the best time to take advantage of a Roth IRA.

Retirement Advice w/Roth IRA? So I opened a Fidelity account, started a Roth IRA, and bought FXAIX recently (which I’ve heard is “fee free” – please correct me if I’m wrong), and plan on buying QQQ as well during market hours, but I’ve heard fees can be quite high, and not sure where I can find info on it. For example, I saw that if you give up a 2% fee on a 7% return, you’v…

Having multiple Roth IRA accounts – any problems? Hi all – just wanted a sanity check here to make sure I’m not missing anything. I’ve had a Roth IRA account with Merrill for years, and in 2023 I hit the income level for Roth contributions, so I opened a tIRA at ML to do the backdoor pathway. (It’s now at $0.) Since I had accidentally contributed to the Roth at first, I had to first do a rechar…

Is it possible to roll out a retirement plan from Vanguard to an external IRA on the Vanguard website? I can’t find anything on Google, nor on the Vanguard website on how to do it. In the past with other services, I’ve been able to roll everything out without an issue, using an LOA letter from Fidelity. Well I’ve spent 2 days on the phone with Vanguard, getting passed from person to person, trying to do it over the phone. Well it seems like it’s …

Did I screw up with a traditional IRA? Hi A couple years ago I was panicking about investing on New years ever or a couple days prior to the New Year, and I just opened up a traditional IRA and dumped in 6k from my checking account. I did the same thing the next year. Later, I learned that traditional IRAs are made of pre tax contributions, and obviously I contributed post tax money….