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2015 Roth Contributions

Posted on 1/2/15 at 8:28 am
Posted by CE Tiger
Metairie
Member since Jan 2008
41645 posts
Posted on 1/2/15 at 8:28 am
should I just dump the whole $5500 in one day or spread it over a few months leading up to tax day?

this is my current funds, anyone i should favor or abandon?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/2/15 at 9:01 am to
quote:

should I just dump the whole $5500 in one day or spread it over a few months leading up to tax day?


It doesn't matter. I used to have an automatic payroll deduction each pay period to fund my Roth but now I just do it all at one time, it's just easier.

I don't know much about any of these funds, basically you should look for as low an expense ratio as you can.
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11741 posts
Posted on 1/2/15 at 11:52 am to
There are a lot of people that like to dollar cost average but I usually just put the entire amount in at once. It's always fun to watch the bank account drop 11K in January.
Posted by tiger perry
Member since Dec 2009
25668 posts
Posted on 1/2/15 at 12:19 pm to
Just put 5,500 in ConocoPhillips stock with dividends reinvested
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81094 posts
Posted on 1/2/15 at 3:07 pm to
If you think the market will go up throughout 2015, put all in at once. If you think the market will go down throughout 2015, spread it out to dollar cost average the lower prices.
Posted by RickAstley
Reno, Nevada
Member since May 2011
2026 posts
Posted on 1/2/15 at 3:08 pm to
I try to pay a year's contributions up front if I can. However, I am DCA $250 twice a month into my Roth for 2015 until it's maxed. Either that, or I will pay off the remaining balance when I get a little more money in my pocket.
Posted by TigerDeBaiter
Member since Dec 2010
10351 posts
Posted on 1/3/15 at 5:13 pm to
You can put the whole amount into your account in one day if you'd like to not mess with that monthly.

As far as investing in particular funds, I'd always DCA. You can set up automatic buys with most brokerages from your money market account.
Posted by Boudin
Lafayette
Member since Oct 2006
10133 posts
Posted on 1/4/15 at 10:31 pm to
How do I go about starting my own Roth or transfering an existing account. I've been having one a few years now with Edward Jones. I really like my guy and like that I can go to him when I have questions, if I ever need.. but there's no need for me to be giving away money that I could be investing.

Do I start my own and just leave my account with him as it is, without making anymore contributions?!
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