- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Noob investing questions.
Posted on 1/5/16 at 9:58 am
Posted on 1/5/16 at 9:58 am
@money board ballers, I have some money management questions.
Question 1:
I'm mid-20's and have around $1000 (maybe a couple hundred more) I would like to put into something. I've done some searching and reading, and this board seems to be very high on Vanguard funds as a low risk, steady growth option. Which particular funds should I be looking into? Are there any better options for someone my age? If I do set up with Vanguard, and I start with $1000, how much should I contribute thereafter?
My "goal" here isn't to make a killing. I'd just like to start setting myself up for later down the road. Obviously more inverse investments can come later....this is just a start for me.
Question 2:
Put simply, work has an option for 401k or Roth, or mixture of both. I'm fairly positive I'm going with 100% Roth. Good move?
Forgive my ignorance. Thanks in advance for the wisdom.
Question 1:
I'm mid-20's and have around $1000 (maybe a couple hundred more) I would like to put into something. I've done some searching and reading, and this board seems to be very high on Vanguard funds as a low risk, steady growth option. Which particular funds should I be looking into? Are there any better options for someone my age? If I do set up with Vanguard, and I start with $1000, how much should I contribute thereafter?
My "goal" here isn't to make a killing. I'd just like to start setting myself up for later down the road. Obviously more inverse investments can come later....this is just a start for me.
Question 2:
Put simply, work has an option for 401k or Roth, or mixture of both. I'm fairly positive I'm going with 100% Roth. Good move?
Forgive my ignorance. Thanks in advance for the wisdom.
3
Posted on 1/5/16 at 10:05 am to bluemoons
I'd probably just wait until I had $3,000 and put it all in either VFINX or VDIGX until you have enough money for admiral shares (requires a higher minimum investment).
I imagine your income levels aren't sufficiently high to make a traditional favorable to a Roth; go Roth.
Save as much as you reasonably can without living a horrendous lifestyle.
It's hard to get to detailed without your life's specifics.
I imagine your income levels aren't sufficiently high to make a traditional favorable to a Roth; go Roth.
Save as much as you reasonably can without living a horrendous lifestyle.
It's hard to get to detailed without your life's specifics.
Posted on 1/5/16 at 10:07 am to Louie T
What info would you need to give me a better idea? Gross monthly income?
Posted on 1/5/16 at 10:11 am to bluemoons
A lot more than just that... Income levels, housing, car situation, net worth/debts, lifestyles & hobbies, etc
Not worth getting into with me or anyone else here as 1) I'm not an expert and 2) lifestyle choices aren't things I can make for you.
Summation: save as much as you while getting some enjoyment out of life. Don't go overboard with spending.
Not worth getting into with me or anyone else here as 1) I'm not an expert and 2) lifestyle choices aren't things I can make for you.
Summation: save as much as you while getting some enjoyment out of life. Don't go overboard with spending.
This post was edited on 1/5/16 at 10:14 am
Posted on 1/5/16 at 10:18 am to bluemoons
Put it in a vanguard target date until you have more.
Posted on 1/5/16 at 10:28 am to bluemoons
quote:
Question 2:
Put simply, work has an option for 401k or Roth, or mixture of both. I'm fairly positive I'm going with 100% Roth. Good move?
Forgive my ignorance. Thanks in advance for the wisdom.
When deciding your retirement option, check if your company offers a matching contribution to your 401k. If they contribute to your 401k, certainly take advantage and claim the 'free' money they are offering. After you earn the company match, put the rest towards a Roth IRA.
Posted on 1/5/16 at 10:36 am to RickAstley
quote:Also this. Such common sense I didn't even mention it.
When deciding your retirement option, check if your company offers a matching contribution to your 401k. If they contribute to your 401k, certainly take advantage and claim the 'free' money they are offering. After you earn the company match, put the rest towards a Roth IRA.
Posted on 1/5/16 at 10:55 am to RickAstley
I haven't gotten the detailed packet yet, but from what I understand, they match the first 3% with Roth, then 1/2% thereafter. So for example, say I contribute 5%, They would match it with 4%.
Not sure about 401k though.
Not sure about 401k though.
Posted on 1/5/16 at 11:13 am to bluemoons
quote:
I haven't gotten the detailed packet yet, but from what I understand, they match the first 3% with Roth, then 1/2% thereafter. So for example, say I contribute 5%, They would match it with 4%.
Not sure about 401k though.
There might be a misunderstanding here that can get cleared up.
When people just say 'Roth', they usually mean 'Roth IRA', but it sounds like your company might offer a 'Roth 401(k)' which is a different thing from an IRA.
I don't know how to choose between Roth and standard 401(k) if that's really what's in play here, so I don't have advice, just wanted to clear up (or muddy even more, maybe) some of the terminology.
This post was edited on 1/5/16 at 11:14 am
Posted on 1/5/16 at 6:19 pm to tokenBoiler
quote:
I haven't gotten the detailed packet yet, but from what I understand, they match the first 3% with Roth, then 1/2% thereafter. So for example, say I contribute 5%, They would match it with 4%.
Check to see if there is an upper limit on what they'll contribute. It's always a good idea to take advantage of the matching since it's essentially free money.
quote:
When people just say 'Roth', they usually mean 'Roth IRA', but it sounds like your company might offer a 'Roth 401(k)' which is a different thing from an IRA.
I don't know how to choose between Roth and standard 401(k) if that's really what's in play here, so I don't have advice, just wanted to clear up (or muddy even more, maybe) some of the terminology.
Often companies will have a Roth 401k, a standard 401k, or both. The difference being Roth - pay taxes now and have tax free growth and withdrawal at retirement, and standard - divert taxes until withdrawal while lowering your adjusted annual income now. The decision is whether one believes they'll be in a higher tax bracket now or later.
Posted on 1/5/16 at 10:46 pm to GoldenD
"If the Man gives you money, you take the Man's money."
i.e., take what ever match is offered.
i.e., take what ever match is offered.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News