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Investing Question
Posted on 8/1/17 at 7:48 pm
Posted on 8/1/17 at 7:48 pm
Beginning my first job and was wondering what the best option was to invest. Roth IRA? 27 years old.
7
Posted on 8/1/17 at 7:53 pm to cmac5125
Invest 12-15 percent of your paycheck in the company matched 401k if you have access to one
Posted on 8/1/17 at 9:21 pm to cmac5125
Similar question here.
How hard is it to transfer Roth IRA's to a different provider?
Before doing enough research I invested in a TD Ameritrade one and I'm looking into moving it towards Vanguard. TD Ameritrade offers free trades for a limited time/quantity but then it's something like $8.99/trade. Which is more than I'd like to pay with my po' self.
Eta: Still working on using the right vocabulary. I opened a Roth IRA with TDAmeritrade, not invested in. I'm mostly invested in ETFs until I'm more familiar with everything. (and will probably keep most in ETFs after I learn)
How hard is it to transfer Roth IRA's to a different provider?
Before doing enough research I invested in a TD Ameritrade one and I'm looking into moving it towards Vanguard. TD Ameritrade offers free trades for a limited time/quantity but then it's something like $8.99/trade. Which is more than I'd like to pay with my po' self.
Eta: Still working on using the right vocabulary. I opened a Roth IRA with TDAmeritrade, not invested in. I'm mostly invested in ETFs until I'm more familiar with everything. (and will probably keep most in ETFs after I learn)
This post was edited on 8/2/17 at 4:39 pm
Posted on 8/1/17 at 10:11 pm to cmac5125
1. (Traditional or ROTH) 401K up to the match.
2. Max out HSA
3. Max out (Traditional or ROTH) IRA
4. Max out 401k
I'm currently not in #2 but will be by next year
Posted on 8/1/17 at 10:16 pm to cmac5125
ETH
Posted on 8/2/17 at 8:01 am to cmac5125
A Roth IRA is not an investment. It's an account. You put money into that account and then you can invest that money into various holdings (funds, stocks, bonds, etc.).
If you put money into a Roth and do nothing else then it's basically just invested in cash.
If you put money into a Roth and do nothing else then it's basically just invested in cash.
Posted on 8/4/17 at 9:26 pm to KamaCausey_LSU
TD Ameritrade has a pretty extensive offering of fee free ETFs, including a number from Vanguard.
The new commission structure from TDA is $6.95 per trade. But if you still want to transfer your account, it's simple and painless.
As for the OP, if he's lucky enough to work for a company that offers both a traditional and a Roth 401K, I'd suggest splitting the contribution between the two, 50/50.
The new commission structure from TDA is $6.95 per trade. But if you still want to transfer your account, it's simple and painless.
As for the OP, if he's lucky enough to work for a company that offers both a traditional and a Roth 401K, I'd suggest splitting the contribution between the two, 50/50.
Posted on 8/6/17 at 9:43 pm to cmac5125
There is no one size fit all strategy.
What are your investment goals?
Do you believe taxes will go up or down?
What is your income ?
Do you want to save in a vehicle that is not controlled by the government?
How do you mitigate risk in your investment?
What are your investment goals?
Do you believe taxes will go up or down?
What is your income ?
Do you want to save in a vehicle that is not controlled by the government?
How do you mitigate risk in your investment?
Posted on 8/6/17 at 9:54 pm to player711
As far as HSAs go, do y'all actually use them for med expenses? Or just treat them like a super Roth IRA? I just set mine up and I have good investment options in it (vanguard funds).
Im saving enough that I can max HSA and the Roth and still get the 401k match.
Im saving enough that I can max HSA and the Roth and still get the 401k match.
Posted on 8/7/17 at 8:48 pm to jimbeam
I haven't touched mine since I've had it. I keep enough in the cash portion to cover one year of deductible expenses (just in case). The balance is invested in mutual funds (mainly Vanguard).
Posted on 8/7/17 at 11:03 pm to Jag_Warrior
Who is your HSA through?
Posted on 8/8/17 at 12:05 am to meeple
Optum.
Posted on 8/9/17 at 5:52 pm to Jag_Warrior
quote:
Optum
Any particular reason for going with them?
Posted on 8/9/17 at 6:28 pm to meeple
That's just who my employer set our HSA accounts up with. At first they had lots of higher cost "junk" funds. But within the past year or so, quite a few Vanguard offerings have shown up.
When I leave my company within the next year or so, I'm trying to decide if I'll stay with Optum or maybe move to HSA Bank. I'm looking at HSA Bank because I can associate the HSA investment account with my TD Ameritrade brokerage account. But Optum has done OK. Once you have a certain account balance, you don't have to worry about fees. I believe HSA Bank is the same.
Do you have an HSA yet or are you investigating where you might open an account?
When I leave my company within the next year or so, I'm trying to decide if I'll stay with Optum or maybe move to HSA Bank. I'm looking at HSA Bank because I can associate the HSA investment account with my TD Ameritrade brokerage account. But Optum has done OK. Once you have a certain account balance, you don't have to worry about fees. I believe HSA Bank is the same.
Do you have an HSA yet or are you investigating where you might open an account?
Posted on 8/11/17 at 3:30 am to Jag_Warrior
quote:
As for the OP, if he's lucky enough to work for a company that offers both a traditional and a Roth 401K, I'd suggest splitting the contribution between the two, 50/50.
Why not just go all in the Roth?
Posted on 8/11/17 at 6:13 pm to PetroBabich
He could. But given his age, who knows what the tax landscape will look like in 40 years? Assuming his company would match funds going into the Roth, there's no definite right or wrong answer. But by splitting it, he can still lower some of his current tax exposure with the traditional 401k and (hopefully) avoid some of his future taxes with the Roth 401k.
If I was his age, in addition to maxing out an available HSA, that's just what I'd do. YMMV.
If I was his age, in addition to maxing out an available HSA, that's just what I'd do. YMMV.
Posted on 8/11/17 at 6:23 pm to cmac5125
quote:
Beginning my first job and was wondering what the best option was to invest.
Your best option to become rich or to be a cubicle slave and retire into a mediocre existence at 65?
If the former, buy a du/tri/quadplex and rent out each unit. Then rent out all your bedrooms. Rinse and Repeat.
If the latter, what the other people said.
This post was edited on 8/11/17 at 6:24 pm
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