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Roth IRA question

Posted on 1/26/15 at 7:44 am
Posted by tigerbaiter1033
USA
Member since Nov 2011
2308 posts
Posted on 1/26/15 at 7:44 am
I have a hypothetical question for the board and wanted to see some different opinions.

If you inherited a Roth IRA fund currently valued ~$30,000 and are about to start your first job with a company that will allow you to put 10% in a Roth and they will match up to 10% dollar for dollar, would you continue to fund the inherited account or solely fund the roth with your future employer and take a percentage of your paycheck and invest in individual stock/Etfs, etc.
Posted by Displaced
Member since Dec 2011
32702 posts
Posted on 1/26/15 at 8:47 am to
quote:

they will match up to 10% dollar for dollar,


i envy you.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3789 posts
Posted on 1/26/15 at 9:02 am to
Roth 401k at work? And they only match in the Roth?

If so, continue to fund both if you are in a low tax bracket. If not, just stick with match and invest outside or do a pre-tax IRA.
Posted by Shepherd88
Member since Dec 2013
4579 posts
Posted on 1/26/15 at 9:27 am to
You won't be able to contribute to an inherited Roth IRA. Plus the contributions/matching will go towards a Roth 401k not an IRA.
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