rule of 55, SEPP, roth conversions, medicare…. My parents are not sure how much longer they can keep up with their jobs and are starting to talk retirement/early-retirement/semi-retirement. I’ve been looking into some more detailed particulars to see how it might work. They have the assets to do it, but I’m to confirm a few questions related to the retirement accounts. The rule of 55. As I …

Should I contribute to my Roth IRA I currently have a Roth account with Schwab as last year I was able to contribute a small amount (1k?) but this year I’m over the income limit. I heard about the backdoor Roth IRA recently but I’m not sure if it’s something I can do myself or it has to be offered by my company. I’m also not certain if it’s worth doing. I’m 26 with around 300k sa…

Should I open a Roth or wait until I have more money? I’m 24 years old I still live with my parents, due to the fact that I need a better car to get to a better place to work(I am saving up to buy and good car without a loan I have about 15k in my area a good used car that I want is about 17k). I am paying 2 federal student loans (which combined are like 5-6k) I have a 401k. I think I should at lea…

Work started offering Roth 401k, what to do with Traditional? I’ve been investing into my jobs Traditional 401k. They have started allowing the option to do Roth as well. Should I keep everything in my Traditional but invest everything going forward into the Roth, do half and half, roll any over? I’m pretty new to all of this but for reference, I have around 60k in my Traditional last time I checked (edit)…

Should I put more in 401k (vs Roth) My combined tax bracket is 31.3% (22% fed, 9.3% state). I’m currently maxing my Roth IRA and contributing only 2% to 401k with no match. Next year I’ll likely barely cross into 24% fed. I don’t really expect my salary to dramatically increase at this point. I’ll probably get solidly into 24%, but 32% doesn’t seem in the cards. And I don’t expect…

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…

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…

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…

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…

Why choose Roth 401k over After-tax with Roth conversion? My 401k plan offers before-tax, Roth, and after-tax contributions. My employer will match any of these three contribution types, and the after-tax contributions can be immediately converted into Roth (mega backdoor roth – MBDR). The IRS limits in 2025 are $23.5k for combined before-tax and Roth, and $70k total including after-tax. Ignoring the b…

Roth 457b for spouse of high earner? I (49m) am a state employee (OR). My partner is a relatively high income earner (49f), $260k+ range (not counting bonuses, stock options, etc). We both have Tira’s rolled over from 401k’s from previous employers, totalling in the $1.5m range. She is currently maxing out her 401k with her current employer. Now that i’m a public employee, I’ll be …

Roth IRA or 403B, which is more important? Hi, I am a person under 30y/o who makes about $150k/yr. I work with a lot of older individuals who are telling me different things in regard to which account I should focus on more. Could anyone explain the difference between Roth IRA and 403B like I’m 5. I am currently contributing 15% of every paycheck towards the 403B and nothing towards the …

Traditional vs Roth for 25X expenses I think this is as pretty straightforward question, but I haven’t been able to find a clear answer. Say my annual spending estimate in retirement is X. I would want 25-30X saved. However, are there any multipliers I would use if that money is all Roth, traditional or general investment accounts? $2 million Roth seems like it goes farther than $2…

Roth withdrawal without knowing your contribution # Hello, for lots of reasons (including out dual pensions), my wife and I would rather liquidate our old ROTH accounts. We only invested in them for about 5 years and we haven’t touched them since ~2017. We don’t have statements or tax forms going back that far to figure out what our contributions were back then. The balances aren’t huge, but we f…

Wondering about utilizing a backdoor Roth Household income: $150k after tax Income is recently reduced due to partner taking time off work while pregnant Annual spending: $90k $280k in 401k’s $100k in company stock $800k in taxable investment account Assuming that I max our 401k each year, should I be moving money from our taxable investment account to a Roth IRA? Would that be a smart …

401k Limit Roth & Traditional Totals For 2025 the limit for 491k contributions is $23,500 and $7,000 for ROTH. I want to max both as much as possible. Does that mean I can contribute a total of $30,500 or I must subtract my ROTH contribution from traditional? 23,500 – 7000 = $16,500 traditional and $7,000 to ROTH for the year. Thank you 😊 submitted by /u/Rthen …

Max out ROTH immediately? Should I max out my 2025 ROTH immediately? Currently I have $36k in my HYSA @4.58%. I have no debt and just rent of $400 (living at home). In 2025 I will be looking to move out and expect to spend about $10k on that between first last security and furniture. (VHCOL) I make about $90k a year. My question is do I lump sum the $7k now out of my HYS…

When you’re unsure whether you’re going to be able to max out your Roth, 401K, Spousal Roth, how do you triage between these and a 529 as well? Baby just born, wife just laid off. Lucky enough to have had decent years leading up to this: ~30K cash 50K brokerage 130K Roth Just started SEP IRA and Solo 401K because I didn’t know which to go with for S-corp this year. 5K 529 (Baby born this year) Spouse has around 15K b/w Roth and traditional IRA. I’m self-employed and hunting down more stable work; I cleared ~110k last year…