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re: Any advice to give a newbie on how to invest 10k

Posted on 5/15/14 at 10:59 pm to
Posted by CHiPs25
ATL
Member since Apr 2014
2904 posts
Posted on 5/15/14 at 10:59 pm to
Is the Roth limit $5,500 per Roth fund or can you invest $5,500 in as many funds as possible?
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3807 posts
Posted on 5/15/14 at 11:28 pm to
$5,500 per individual.

So even if you have multiple Roth IRA (e.g. Vanguard, Fidelity, etc.), you can only put $5,500/yr into them combined. The rules do not care where you invest it, which fund(s) or none.
Posted by rintintin
Life is Life
Member since Nov 2008
16196 posts
Posted on 5/16/14 at 7:03 am to
The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.
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