- 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: $5000 to invest...
Posted on 6/24/13 at 3:53 pm to 1860pissed
Posted on 6/24/13 at 3:53 pm to 1860pissed
Lauberge Baton Rouge.
0
Posted on 6/24/13 at 3:59 pm to 1860pissed
quote:
I have a solid income plus savings so this money is kind of just sitting there in a savings account that gets .0001% interest or whatever it is, which is why I would like to move it out of there and start making money from money.
I would use it towards maxing out a Roth IRA. And do this every year if you can.
Posted on 6/24/13 at 4:11 pm to AUtigerNOLA
I put 16% in my 401k and my company puts 4% so at 20% in my 401k, I think I am okay for right now. I would like to use this money in something active as opposed to the Roth IRA which is just more planning towards retirement. If I lost all $5000 (although not ideal), I would be fine. and I have already spent my fair share at Lauberge 
Posted on 6/24/13 at 4:20 pm to 1860pissed
PXD
Posted on 6/24/13 at 4:22 pm to 1860pissed
(no message)
This post was edited on 6/24/13 at 4:23 pm
Posted on 6/24/13 at 4:23 pm to 1860pissed
What investments do you have in your 401k
Posted on 6/24/13 at 4:23 pm to 1860pissed
quote:
1860pissed
buy two nice dividend paying stocks. 5k is nowhere near enough to get serious about RE (unless you put it in a REIT)or unless you plan on using a hard money loan on a fix and flip and your ARV is so good you will not be out much of your own money if any.
This post was edited on 6/24/13 at 4:54 pm
Posted on 6/24/13 at 4:25 pm to 1860pissed
What do you mean by "something active"? Not trying to be a jerk or anything, but do you understand what a Roth IRA is/does?
Your IRA portfolio can be about as "active" as you desire -- stocks, bonds, funds, ETFs, REITS, etc. About the only thing that I'm not sure you can put in a Roth IRA are real, physical assets like bullion and rental property.
Your IRA portfolio can be about as "active" as you desire -- stocks, bonds, funds, ETFs, REITS, etc. About the only thing that I'm not sure you can put in a Roth IRA are real, physical assets like bullion and rental property.
Posted on 6/24/13 at 4:32 pm to 1860pissed
For what it's worth, if you are just starting out, money put into a Roth is worth far more to you than money put into a traditional 401k.
Don't pass on a match, but that's how it is.
And i am assuming your company doesn't have a Roth 401k option.
Don't pass on a match, but that's how it is.
And i am assuming your company doesn't have a Roth 401k option.
This post was edited on 6/24/13 at 4:32 pm
Posted on 6/24/13 at 4:33 pm to Volvagia
quote:If he's right on the edge of a tax bracket, traditional could still be favorable??
And i am assuming your company doesn't have a Roth 401k option.
Posted on 6/24/13 at 4:40 pm to AUtigerNOLA
quote:
I would use it towards maxing out a Roth IRA. And do this every year if you can.
Posted on 6/24/13 at 4:50 pm to jimbeam
It depends really.
If you are only a couple thousand in the next bracket but also plan on not having a quiet retirement and spends a lot, Roth still wins.
Investing in a Roth is hedging that you think your tax rate will go up in retirement between both your pull out and government tax increases.
If you are only a couple thousand in the next bracket but also plan on not having a quiet retirement and spends a lot, Roth still wins.
Investing in a Roth is hedging that you think your tax rate will go up in retirement between both your pull out and government tax increases.
Posted on 6/24/13 at 4:52 pm to Volvagia
If your employer offers a Roth, it allows you to easily diversify in both.
Your contributions are post tax, but the employers are pretax
Your contributions are post tax, but the employers are pretax
Posted on 6/24/13 at 6:29 pm to 1860pissed
Had a friend in college who would buy trucks from the state auction, drive it for a few months then sell for a profit.
Made quite a bit.
Made quite a bit.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News