Ira

What should I chose? Im just starting my roth IRA today and am planning on putting in $100 per month what should I invest in?

Mar 13 2023

submitted by /u/MyNameNickk[visit reddit] [comments]...

reddit.com

Need advice on ira portfolio diversification

Mar 13 2023

New to investing and recently opened a roth ira. Im wondering if this would be a good portfolio: 55% FXAIX 30% FTEC 10% FSGGX 5% FXNAX I'm 21 so I don't mind being aggressive, but wanted to know if th...

reddit.com

Portfolio

I have my own Roth IRA and my companies Roth 401k, how should I contribute?

Mar 13 2023

I’m just coming up on year one at my newish job. Decent pay (70k but a raise is in the works in the next two months that is negotiable). I’m currently 30M. Currently have about 15k in Roth...

reddit.com

Is Roth IRA enough

Mar 11 2023

I'm 33 years old and just recently started saving for retirement. Maxed out my Roth IRA last year( put it all into VOO on vanguard) and will max it out again this year, but I have no 401k at my job an...

reddit.com

DIY investing of IRA during retirement Who to use as a holding institution for funds

Mar 08 2023

After doing research on the difference in returns of ESG funds/ETFs looking to DIY asset allocation. Previously using Vanguard to hold $$$$s but they are being pushed further and further into ESG. I j...

reddit.com

Investing

Backdoor Roth IRA 2023 A Step by Step Guide with Fidelity

Mar 07 2023

In 2023, I made my eleventh pair of “backdoor Roth” IRA contributions. It’s a great way for high-income professionals to ... Read more...

physicianonfire.com

More reasons to keep on rolling (to an IRA, that is)

Mar 06 2023

Photo credit: jb We have discussed in the past that it is usually better to rollover an old 401(k) plan from a former employer to an IRA – more flexibility in investments, (usually) lower costs,...

financialducksinarow.com

I Dont want my dad to invest his IRA into Gold. Am I wrong?

Mar 06 2023

I've been super worried about my dad's plan to invest his IRA in gold, like pretty concerned about it. I understand that gold is seen as a safe investment, but I'm worried about the risks and I know H...

reddit.com

Investing

I need to decrease my taxable income or else I need to payback my Health Insurance Premium Tax Credit. How can I turn my Roth IRA to a traditional IRA for 2022?

Mar 06 2023

I funded my Roth IRA for 2022 back in January 2022. Can I take that money out? And then add it to my traditional IRA? How does Vanguard know that I'm taking the money out for 2022 so that I can put th...

reddit.com

IRA Rollovers, IRA Transfers, and 15 Other IRA Basics | Sensible Money

Mar 03 2023

This article covers rules around IRAs, contribution limits, IRA rollovers, and transfers....

sensiblemoney.com

Ask an advisor: Am I too rich for a Roth IRA?

Mar 03 2023

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financial-planning.com

Advisors

IRA vs. 401(k): Which One Is Better? | Bankrate

Mar 01 2023

Is an IRA or 401(k) a better investment choice for you? Consider these factors to help you decide....

bankrate.com

Backdoor Roth IRA 2023: A Step by Step Guide with Vanguard - Physician on FIRE

Mar 01 2023

A step by step guide that shows you how to successfully complete a Backdoor Roth IRA contribution via Vanguard in 2023 (for a mutual fund or brokerage IRA)....

physicianonfire.com

Fire

IRA question

Mar 01 2023

I previously changed employers. I was paying into a 403b and I want to know the best avenue of getting that money. Should I do a cash out? Should I do a rollover into a specific IRA? I paid into it fo...

reddit.com

One time IRA-to-HSA Rollover Question

Mar 01 2023

What is the advantage of using the One time IRA-to-HSA Rollover vs a withdrawal from your IRA (taxable event) and then contributing the same amount (reducing taxes) into your HSA? The income from the ...

reddit.com

Hsa

Clarifying RMDs For An Inherited IRA

Feb 28 2023

Due to new laws and IRS waivers, taking required minimum distributions from an inherited IRA can bring a lot of questions....

forbes.com

Rmds

Using Widow’s Benefit for IRA Contribution?

Feb 24 2023

Hi, I was wondering if you’re allowed to use social security survivor’s benefit / widow’s benefit payments to contribute to a personal IRA. My mom is 61 and is receiving benefits fro...

reddit.com

Roth IRA income ceiling exceeded - looking for other tax advantaged options.

Feb 24 2023

This year was the first year where we exceeded the income ceiling for being able to contribute to a Roth IRA. Of course, I didn't know that that would be the case until well after I'd already made my ...

reddit.com

SSDI and rolling over to IRA and financial advisors. Fiduciary and/or RIA?

Feb 23 2023

Hello. I am retiring soon. I am receiving SSDI. I have a 401a and I also have a regular pension which I have the option to take payments or take a lump sum. I am going to take the lump sum, combine it...

community.aarp.org

Advisors

New to a Simple IRA

Feb 21 2023

My husband’s employer offers a 3% match to a Simple IRA. When he turned in the form, they told him that he needs to set up an account on his own and they just make the contributions directly to ...

reddit.com

How do you get rid of IRA contribution anxiety?

Feb 20 2023

submitted by /u/rar2929[visit reddit] [comments]...

reddit.com

One advantage to having a brokerage account vs. 401k/IRA/etc.

Feb 17 2023

I've recently started looking at a bit of estate planning as I am aging. I am still a number of years from retirement, but my health isn't perfect and given my family history, I probably won't be arou...

reddit.com

Can a reverse rollover from an IRA to a 401k reset your contribution limit for the year?

Feb 15 2023

If someone where to invest the max IRA contribution limit of $6,500, then turn around and roll that over into an employer 401k, would that then reset your IRA contributions for the year? Allowing you ...

reddit.com

One 1099-R for Two Rollovers in TurboTax and H&R Block

Feb 13 2023

When you do a direct rollover from the pre-tax account in a workplace retirement plan to a Traditional IRA, you’ll get a 1099-R form after the end of the year that shows the rollover isn’t...

thefinancebuff.com

Taxes

Planning

Robinhood Roth IRA vs Acorns

Feb 12 2023

I want to clarify that the Robinhood Roth IRA is the better option when compared to the Acorns Roth IRA. From what I understand, Robinhood offers 1% matching and no monthly fee. Acorns does not match,...

reddit.com

What to do with my cash when I actually retire

Feb 10 2023

I’m 58. I retire with a $60k/yr pension for life in August. I have $250k in my IRA. I have $400k in a 457b. I will have roughly $650k in an account that can be either rolled to my IRA or taken a...

reddit.com

Pensions

Question on over-contributing…

Feb 09 2023

Hello!! Sorry, I’m new to this but I currently have a simple IRA from my employer, and a ROTH IRA that I max out every year. I understand that traditional and Roth IRA contributions are not to e...

reddit.com

The 4% Rule

Feb 09 2023

I see a number of people working very hard and saving in a 401(k) or IRA (or Roth IRA). Are you aware of the 4% rule? Have you spoken to your advisor about it? Google ‘The Trinity Study’ a...

reddit.com

Is it allowed to indirectly transfer money into RIA by hedging?

Feb 08 2023

(edit: should be "IRA" in title) Just want to check before I do something potentially stupid. I have my regular account (account1) and IRA (account2) which has an annual contribution limit and tax ben...

reddit.com

Taxes

Roth IRA

Feb 07 2023

I will be 70 later this year and working part time. I opened a Roth account late last year because I had already maxed out my 403B. I thought it would help taxwise, I was wrong. I found out in January...

reddit.com

Roth IRA yearly reset

Feb 05 2023

You can contribute $6000 per year to your Roth IRA, but when does that “year” reset? Is it calendar year, meaning it resets in January? submitted by /u/AtuinTurtle[visit reddit] [comments]...

reddit.com

Roth IRA invested in TDF - Pros and Cons

Feb 04 2023

I know taken into account how much is invested and the glide path tends to be more conservative shifting to bonds down towards retirement. Anything else to be aware of? submitted by /u/Ok_Assignment41...

reddit.com

7 Best Roth IRA Accounts of 2023

Feb 03 2023

The oldest millennials are now in their 40s, and many are way behind in retirement savings. Fortunately, there's time to turn things around....

money.com

A Limited Return Of The Stretch IRA? – SECURE 2.0’s New Surviving Spouse Rule

Feb 02 2023

SECURE 2.0 introduces a significant new provision for the surviving spouse of a deceased participant in an employer retirement plan. The new law enhances tax treatments for surviving spouses, especial...

forbes.com

Spouse

Using your 401K or IRA to fund early retirement without penalty > - Leisure Freak

Feb 01 2023

Using your 401K or IRA to fund early retirement without penalty can be done under certain conditions. There are a couple of methods to take early withdrawal...

leisurefreak.com

Early Retirement

Help on SEP IRA and traditional IRA contribution

Jan 31 2023

Basically, I am a self-employed independent contractor who gets Form 1099. Therefore I contribute to a SEP IRA normally. However, last year I also had a bit of income as an employee elsewhere so I got...

reddit.com

Rolling Over Leftover 529 Funds Into A Roth IRA: Who Cares?

Jan 30 2023

A 529 plan is one of the best generational wealth transfer tools. Instead of just giving our kids or grandchildren money, it’s way better to give them the gift of education. Thanks to the SECURE...

financialsamurai.com

How A 529 Plan To Child IRA Conversion Can Turn Your Teen Into A Middle-Class Millionaire

Jan 28 2023

Beginning in 2024, you can convert your child’s 529 plan to a Roth IRA. This backdoor Child IRA now becomes a valuable planning tool. Here’s a step-by-step process you can start today....

forbes.com

Planning

Millionaire

How to Avoid 5 Common Mistakes With Your IRA and 401K!

Jan 28 2023

How much money have you saved in your IRA and 401K? Making contributions to one of these tax-deferred retirement accounts is the easy part. But withdrawing this money in retirement gets complicated. T...

bossretirement.com

My job is being eliminated and I will get a severance package. Is that considered income for IRS limits on Roth IRA contributions?

Jan 27 2023

'Is it possible to contribute to a new 401(k) account to get additional matching?'...

marketwatch.com

IRA reinvestment that's low risk

Jan 26 2023

My 70 year old retired mom has a IRA that's she has to withdraw from, roughly $150K. She wants to reinvest in a consistently well performing but low/moderate risk fund. I'd be very grateful for recomm...

reddit.com

Risks

Biggest Changes To Retirement Accounts Due To New 401(k) And IRA Rules | Bankrate

Jan 24 2023

The SECURE Act 2.0 became law in the last days of 2022, and the act provides new assistance for retirement savers, small businesses and many others....

bankrate.com

Accounts

Considering a Roth IRA Conversion? 6 Reasons It Makes Sense

Jan 22 2023

Avoiding possibly higher taxes in retirement, having no RMDs and the markets being lower are just three reasons to switch to a Roth IRA....

kiplinger.com

Simple IRA

Jan 17 2023

Hi everyone, I live in NYC my dad used to work for this plumbing company and he contributed to his simple IRA for a couple of years. The problem is that he left that company and he doesn’t know ...

reddit.com

Mega Backdoor Roth IRA

Jan 16 2023

Each year I currently do a backdoor Roth IRA contribution via a non-deductible contribution to my Trad, then convert over to a Roth IRA. I recently learned about the "Mega backdoor Roth IRA" that lets...

reddit.com

TDF in Inherited IRA - move to ETF?

Jan 15 2023

I have a small inherited IRA invested in T Rowe Price 2015 TDF. I hold no ETFs… and I’m a few years (2 to 3 years) from retirement (target age 58 to 59). With this inherited IRA, I have 9...

reddit.com

Question on new 2023 IRA limits

Jan 15 2023

Question on new 2023 IRA limits The total ira 2023 contribution Limits are $6500 per person + $1000 Catch up contribution for over 50 years of age - so total $7500 per person. So for a couple over 50 ...

reddit.com

Multiple Roth IRA Accounts - Good Or Bad?

Jan 14 2023

I’m in my mid 20’s and just learned about Roth IRA retirement funds a couple years ago. (yes I wish I knew when I was 18) Anyway, I opened my first Roth IRA through Primerica about 2 years...

reddit.com

IRA Rules: Contributions, Deductions, Withdrawals

Jan 11 2023

Understand the tax implications and contribution limits before funding an IRA....

money.usnews.com

Taxes

Withdrawals