Started By
Message

Dumping the full $5500 into a Roth IRA for 2016

Posted on 1/4/16 at 2:34 pm
Posted by CE Tiger
Metairie
Member since Jan 2008
41587 posts
Posted on 1/4/16 at 2:34 pm
is this a bad move to dump it in all at once (usually 1st week of the year). I'm guessing i should spread it out over the year but I didn't in 2015 sooo...

what type of fund should i dump the full $5500 in

my portfolio is:
Blue Chip Growth Roth IRA 8.61%
Dividend Growth Roth IRA 15.74%
Equity Index 500 Roth IRA 15.58%
Global Real Estate Fund Roth IRA 9.60%
Health Sciences Roth IRA 21.37%
Media & Telecommunications Roth IRA 11.02%
Retirement 2050 Fund Roth IRA 2.73%
Total Equity Market Index Roth IRA 15.34%


any funds to take advantage of the shite economy?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 1/4/16 at 2:40 pm to
January effect says that there is no better time than early January to dump it all in.

The reality is that if you are contributing the max every year, you are getting most of your dollar cost averaging effect with one lump investment.

Time in the market, not timing the market.
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 1/4/16 at 2:42 pm to
As was said in the other thread, you can add your entire allotment at once, but you do not have to invest it all at once. Typically it goes directly into a MM account that you then move into investments.
Posted by MSTiger33
Member since Oct 2007
20447 posts
Posted on 1/4/16 at 3:32 pm to
Wish I could add to my Roth
Posted by BayouSizzle
New Orleans
Member since Jan 2016
316 posts
Posted on 1/4/16 at 4:14 pm to
Random warning...

Can you still back-door a Roth IRA (ie, if income level disqualifies you from directly depositing but you put into Regular IRA for short period to then convert to Roth IRA)?

Sorry, your post triggered the thought, and I thought board could answer dat, pls.
Posted by BigD329
Gonzales, LA
Member since Aug 2011
11 posts
Posted on 1/4/16 at 4:29 pm to
Your first 3 funds contain a lot of the same stocks. Can you invest in single stocks or just mutual funds? If you can invest in single stocks, buy dividend paying stocks (T, VZ,MO JNJ,MAIN,XOM, CVX, COP). Buy and reap the dividends. Just an idea.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram