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re: Invest in Roth IRA or 401k - first job

Posted on 5/4/16 at 9:09 am to
Posted by tissle
Member since Jul 2009
1955 posts
Posted on 5/4/16 at 9:09 am to
401k to Match
Emergency Fund
Max ROTH IRA
Max 401k
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 5/4/16 at 9:21 am to
Can I set up a Roth IRA, say through Vanguard, that allows for direct deposit/contributions, or will I just have to make a manual lump contribution at some point during the year?
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/4/16 at 10:15 am to
quote:

401k to Match
Emergency Fund
Max ROTH IRA
Max 401k

depending on income, this is what I would. I honestly dont believe they will keep Roth's withdrawls tax free over the long term, so I might go a little bit harder with 401k. Best thing to do is to have both IMHO.


This post was edited on 5/4/16 at 10:22 am
Posted by wrc12
Member since Sep 2011
453 posts
Posted on 5/4/16 at 10:17 am to
quote:

401k to Match
Emergency Fund
Max ROTH IRA
Max 401k



So you are saying I should have an Emergency Fund separate from my IRA contribution?
Say my income limits me to choosing between investing in my IRA or putting money aside in an emergency fund, which is the more beneficial option?
I have seen differing opinions on this board.
This post was edited on 5/4/16 at 10:20 am
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