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Message
re: Opening Roth IRA
Posted on 12/17/18 at 9:21 pm to TorchtheFlyingTiger
Posted on 12/17/18 at 9:21 pm to TorchtheFlyingTiger
quote:
Not if it was invested in a short term bond fund as reccomended.
Then what's the material difference in putting it in a 2% savings account?
2
Posted on 12/17/18 at 9:38 pm to Mingo Was His NameO
The benefit would be getting the process started and establishing the habit of regularly contributing. Get started early before life events intervene and lifstyke creep sets in. Personal finance is more psychology than a math problem.
Posted on 12/18/18 at 8:28 am to Mingo Was His NameO
quote:Because if you miss a Roth contribution it’s gone forever. I don’t understand this argument at all. Why would you ever NOT max your Roth in order to fill a taxable account first?
Then what's the material difference in putting it in a 2% savings account?
Assuming you plan to contribute to a Roth, I realize it doesn’t make sense for certain tax brackets.
This post was edited on 12/18/18 at 8:28 am
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