Making an 8,600 dollar Roth IRA contribution Friday.

SPX/SPY is always safe.

Forget the Roth - move to Minnesota and start a day care.

Is 8,600 the new limit or is that a catch up contribution?

Do yourself a favor and compare SPYM, VOO and SPY

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Do yourself a favor and compare SPYM, VOO and SPY

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SPYM I think now has the lowest expense ratio in the business besides Fidelity (FNILX (0.00)) which can only be bought by Fidelity customers.

Unlike SPY (0.09) though SPYM (0.02) and VOO (0.03) are only 1 basis point difference.

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Is 8,600 the new limit

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8,600 for over 50

In. Making my $7500 Friday.

Man since I switched to $700 a month into money market it’s way better than doing it all at once out of my checking .

I have been contributing for years to VTSAX. Would it make a big difference to start contributing to SPYM and/or moving everything over to it (about $150k).

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I have been contributing for years to VTSAX. Would it make a big difference to start contributing to SPYM and/or moving everything over to it (about $150k).

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The s&p500 funds/etfs historically track a few points better than total stock market ones like VTSAX. Both are good choices. With one being broader you gain more diversification which should make the down years slightly better than the s&p. I would say the reasons that drew you to VTSAX are valid and probably align with your risk/reward sentiment. I would suggest you stay the course, although splitting future contributions to add some s&p along with VTSAX would be a good choice.

I have never been an expert stock picker, and always kept the bulk of my money in a few large indexes. I have considered moving to something like VTSAX in the past, but never made the move.