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re: Advice on moving my $10K CD to vanguard account and VOO fund
Posted on 2/11/20 at 8:24 pm to Oenophile Brah
Posted on 2/11/20 at 8:24 pm to Oenophile Brah
quote:
I'm not sure what the "plan" is. You're moving $40k of savings into the market. You said you still have an emergency fund so what's the worry?
Maybe the worry is still losing money?
To the OP, my recommendation would be to open a Roth IRA. If you are over the income limit then I would do a backdoor Roth IRA. After funding your Roth for the year then I would look to invest the rest in a brokerage account and as most recommend, an index fund matching the S&P or a total market index fund.
2
Posted on 2/11/20 at 8:48 pm to bod312
quote:
y recommendation would be to open a Roth IRA
He has $400k investible, I would think he's heard of a roth.
Posted on 2/11/20 at 11:38 pm to bod312
OP mentioned other investments but not Roth and is uncomfortable w Vanguard website. I wouldn't assume they already do Roth. If married you can fund 2 Roth and get the entire $10k in. That's what I'd do.
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