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re: General Investing/Saving for a beginner

Posted on 9/29/17 at 8:15 am to
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1585 posts
Posted on 9/29/17 at 8:15 am to
quote:

If you havent maxed out your Roth IRA you might want to start there


This. You have a $5500 limit, so if you've only put in $900 so far this year, put $4,600 more in for 2017. In January, do another $5,500. There's the 10k. You can still invest it however you want. But max out your tax advantaged investment in the Roth every year.

The best free advice you've ever gotten.
Posted by BigOrangeVols
Knoxville
Member since Jul 2015
3068 posts
Posted on 9/29/17 at 11:06 am to
Even if I'm trying to save for school in the short term; 1-2 years? Because if I put all that 10K in my roth I can't touch that till I'm like 60 (without penalty) correct?
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