Toss 5500 in a roth IRA soon, before April 15. This way it counts towards 2014.

Then toss another 5500 into the same account throughout the year as you please for your 2015 contributions.

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Posted by Mr.Perfect

Louisiana

Member since Mar 2013

17438 posts

Posted on 3/26/15 at 9:32 am to LSUShock

quote:
will be moved out of this house 99% by March of 2016.

Well I would not commit any funds that might to to a mortgage or rent In the future.

Edit: Let me phrase that differently.

Im not saying that you will need to put away money for rent, just saying that whatever you think that rent may be in the future, I would not commit that to a retirement vehicle. Put that into a money market or other type of fund so that you do not have to change your contribution in the future to find rent money.

This post was edited on 3/26/15 at 9:38 am

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Posted by GenesChin

The Promise Land

Member since Feb 2012

37706 posts

Posted on 3/26/15 at 9:50 am to Mr.Perfect

quote:
Put that into a money market or other type of fund

Go find a credit union that down 2-4% APR on balances under 15k$

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Posted by LSUengineer12

The Best Side

Member since Dec 2011

1850 posts

Posted on 3/26/15 at 10:01 am to LSUShock

I wish I would've started this thread at 23

ETA: I mean I'm only 26, but it makes me sick to my stomach to think of the money I blew threw in my first 2 years as a professional. Congrats man

This post was edited on 3/26/15 at 10:03 am

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Posted by Neako27blitzz

Baton rouge

Member since Sep 2011

3182 posts

Posted on 3/26/15 at 12:39 pm to Danny Woodhead

quote:
Toss 5500 in a roth IRA soon, before April 15. This way it counts towards 2014.

Then toss another 5500 into the same account throughout the year as you please for your 2015 contributions.

Just did this a month ago to max out 2014 and now I'm aggressively trying to do the same for this year so I can get on a schedule of contributing the max on the first of every year.

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