- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: New to investing
Posted on 2/6/14 at 2:47 pm to LSUregit
Posted on 2/6/14 at 2:47 pm to LSUregit
Just an update: Went ahead and opened a Roth IRA. Started small with $5k in the account. Putting $100 in per month.
Strongly considering adding blue chips in the future.
Thanks for everyone's assistance.
Strongly considering adding blue chips in the future.
Thanks for everyone's assistance.
Posted on 2/6/14 at 2:55 pm to zbeaux13
You "recently graduated" and had $5k to throw into a Roth?...you are already ahead of the pack my friend.
Posted on 2/6/14 at 3:42 pm to zbeaux13
quote:
Started small with $5k in the account. Putting $100 in per month
You realize you only have $500 left to reach the yearly maximum?
ETA: If you were able to set the $5k as a 2013 contribution you are ok.
This post was edited on 2/6/14 at 3:45 pm
Posted on 2/6/14 at 4:02 pm to zbeaux13
quote:
Just an update: Went ahead and opened a Roth IRA. Started small with $5k in the account. Putting $100 in per month.
Just an FYI, assuming you haven't contributed anything to your Roth prior to that $5k, you can contribute $5500 and allocate it to the 2013 tax year (up until April 15th, 2014, the tax deadline), then you can contribute another $5500 and allocate it to the 2014 tax year. Thus giving you $11,000 worth of contributions in "one year".
quote:
That is my understanding. Does the amount that is reinvested within the account count towards the $5500 max?
I'm pretty new to all this, but I believe the $5500 limit only speaks to YOUR contributions. Not that your account can never go over $5500 in total (contributions+earnings)
This post was edited on 2/6/14 at 4:04 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News