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Dumping the full $5500 into a Roth IRA for 2016
Posted on 1/4/16 at 2:34 pm
Posted on 1/4/16 at 2:34 pm
is this a bad move to dump it in all at once (usually 1st week of the year). I'm guessing i should spread it out over the year but I didn't in 2015 sooo...
what type of fund should i dump the full $5500 in
my portfolio is:
Blue Chip Growth Roth IRA 8.61%
Dividend Growth Roth IRA 15.74%
Equity Index 500 Roth IRA 15.58%
Global Real Estate Fund Roth IRA 9.60%
Health Sciences Roth IRA 21.37%
Media & Telecommunications Roth IRA 11.02%
Retirement 2050 Fund Roth IRA 2.73%
Total Equity Market Index Roth IRA 15.34%
any funds to take advantage of the shite economy?
what type of fund should i dump the full $5500 in
my portfolio is:
Blue Chip Growth Roth IRA 8.61%
Dividend Growth Roth IRA 15.74%
Equity Index 500 Roth IRA 15.58%
Global Real Estate Fund Roth IRA 9.60%
Health Sciences Roth IRA 21.37%
Media & Telecommunications Roth IRA 11.02%
Retirement 2050 Fund Roth IRA 2.73%
Total Equity Market Index Roth IRA 15.34%
any funds to take advantage of the shite economy?
5
Posted on 1/4/16 at 2:40 pm to CE Tiger
January effect says that there is no better time than early January to dump it all in.
The reality is that if you are contributing the max every year, you are getting most of your dollar cost averaging effect with one lump investment.
Time in the market, not timing the market.
The reality is that if you are contributing the max every year, you are getting most of your dollar cost averaging effect with one lump investment.
Time in the market, not timing the market.
Posted on 1/4/16 at 2:42 pm to CE Tiger
As was said in the other thread, you can add your entire allotment at once, but you do not have to invest it all at once. Typically it goes directly into a MM account that you then move into investments.
Posted on 1/4/16 at 3:02 pm to TheHiddenFlask
quote:
January effect says that there is no better time than early January to dump it all in
Good because that's what I have been doing since 2010.
quote:
Time in the market, not timing the market
This is how I've justified it so far. My concern for 2016 is that I came closer than expected to the income limits in 2015. Can I pull some back out at the end of the year if I start hitting the income limits?
Posted on 1/4/16 at 3:13 pm to NewIberiaHaircut
I dump the max in mine first thing in January.
I always figured it's best to get it into the market ASAP, but I honestly don't know a damn thing about economics.
I always figured it's best to get it into the market ASAP, but I honestly don't know a damn thing about economics.
Posted on 1/4/16 at 3:32 pm to CE Tiger
Wish I could add to my Roth
Posted on 1/4/16 at 3:32 pm to McCaigBro69
quote:
I always figured it's best to get it into the market ASAP, but I honestly don't know a damn thing about economics.
Over time, this will hold true.
Posted on 1/4/16 at 3:34 pm to NewIberiaHaircut
Posted on 1/4/16 at 4:14 pm to CE Tiger
Random warning...
Can you still back-door a Roth IRA (ie, if income level disqualifies you from directly depositing but you put into Regular IRA for short period to then convert to Roth IRA)?
Sorry, your post triggered the thought, and I thought board could answer dat, pls.
Can you still back-door a Roth IRA (ie, if income level disqualifies you from directly depositing but you put into Regular IRA for short period to then convert to Roth IRA)?
Sorry, your post triggered the thought, and I thought board could answer dat, pls.
Posted on 1/4/16 at 4:21 pm to BayouSizzle
quote:
Can you still back-door a Roth IRA (ie, if income level disqualifies you from directly depositing but you put into Regular IRA for short period to then convert to Roth IRA)?
As far as I know
Posted on 1/4/16 at 4:29 pm to CE Tiger
Your first 3 funds contain a lot of the same stocks. Can you invest in single stocks or just mutual funds? If you can invest in single stocks, buy dividend paying stocks (T, VZ,MO JNJ,MAIN,XOM, CVX, COP). Buy and reap the dividends. Just an idea.
Posted on 1/4/16 at 4:33 pm to BayouSizzle
quote:yes you can. Although it may be called a conversion... Sounds less dodgy that way.
Can you still back-door a Roth IRA (ie, if income level disqualifies you from directly depositing but you put into Regular IRA for short period to then convert to Roth IRA)?
This post was edited on 1/4/16 at 4:44 pm
Posted on 1/4/16 at 4:48 pm to BigD329
Just funds I think for the Roth
Posted on 1/4/16 at 6:53 pm to TheHiddenFlask
quote:Looks like I am changing my bi weekly transfer and moving everything in right now.
January effect says that there is no better time than early January to dump it all in.
The reality is that if you are contributing the max every year, you are getting most of your dollar cost averaging effect with one lump investment.
Time in the market, not timing the market.
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