- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Just opened my first Roth IRA, now what?
Posted on 10/31/19 at 3:41 pm to Ingeniero
Posted on 10/31/19 at 3:41 pm to Ingeniero
You are doing the right thing. I started at 26 fresh out of school and have maxed out the Roth each year in VTSAX admiral shares. 32 years old now and income got high enough that I have to do backdoor Roths each year, but it only takes about 20 extra minutes of work through Vanguard. I keep all of the Roth money in 100% stock. If you are self-employed, I'd strongly encourage looking into a solo 401K with Fidelity. That has REALLY allowed me to sock away cash and get my taxable income down. Duplicate all of this by 2X for the wife. Doing this stuff now is going to make you so incredibly happy (and free) in a couple of decades.
Posted on 10/31/19 at 6:03 pm to Tigerlaff
Does fidelity allow you to invest in whatever you want?
My solo 401k allows me to invest in anything other than normal disallowed transactions which are not many. Are you listed as the trustee and plan admin? I am. I mainly use it for real estate. It’s awesome.
My solo 401k allows me to invest in anything other than normal disallowed transactions which are not many. Are you listed as the trustee and plan admin? I am. I mainly use it for real estate. It’s awesome.
Popular
Back to top
Follow TigerDroppings for LSU Football News