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How do you contribute to your IRA/Roth IRA
Posted on 5/7/21 at 3:43 pm
Posted on 5/7/21 at 3:43 pm
With you being allowed to contribute $6k a year (not talking loophole/backdoor blah blah blahs) do you do it in one lump sum? Contribute monthly? Each paycheck? Randomly?
We do you contribute, do you add it to certain stocks/funds/etfs right away or do you let your cash increase and do 1 or a few big purchases?
I/E I contribute $500/mo and just add to an existing stock or fund each month.
I'm just wondering how yall go about it and if there's one way better than another.
We do you contribute, do you add it to certain stocks/funds/etfs right away or do you let your cash increase and do 1 or a few big purchases?
I/E I contribute $500/mo and just add to an existing stock or fund each month.
I'm just wondering how yall go about it and if there's one way better than another.
17
Posted on 5/7/21 at 3:48 pm to Ballstein32
$50 a month. still don't know what money market to put it in.
Posted on 5/7/21 at 3:49 pm to Ballstein32
$200 a pay check for 24 pay checks, the other $1200 I contribute whenever the market has a big decline
Posted on 5/7/21 at 4:04 pm to Ballstein32
6k lump sum in January. 70% FZROX, 20% FTIHX, 10% FSPTX is my strategy. Buy it all right after deposited
Posted on 5/7/21 at 4:10 pm to Ballstein32
(no message)
This post was edited on 7/20/22 at 10:04 am
Posted on 5/7/21 at 4:13 pm to Ballstein32
I use to do 1 lump sum in January and put it in the zero fee fidelity fund then save the 500 every month in savings to get interest for the next lump sum.
This post was edited on 5/7/21 at 4:15 pm
Posted on 5/7/21 at 4:23 pm to Ballstein32
Lump sum. I am in FXAIX and FSMAX.
Posted on 5/7/21 at 4:28 pm to ronricks
Lump sum because I do backdoor. Otherwise, I might DCA $500/month.
Posted on 5/7/21 at 5:16 pm to Ballstein32
6,000 every January. I am now old enough to put in 7,000 per year. I do it in January
Posted on 5/7/21 at 5:19 pm to Ballstein32
One lump sum in January each year. $6000 isn’t enough to worry about to dollar cost average.
This post was edited on 5/7/21 at 5:21 pm
Posted on 5/7/21 at 5:33 pm to Ballstein32
$1,000 a month for the first 6 months
Posted on 5/7/21 at 5:53 pm to ronricks
Lump sum in January.
FXAIX - 50%
FTIHX - 30%
FSMAX - 20%
FXAIX - 50%
FTIHX - 30%
FSMAX - 20%
Posted on 5/7/21 at 8:30 pm to SM1010
I do one lump sum and usually try to buy a single stock I like with it. Rinse repeat. 2020 was ZScaler and crushed it. This year LOLZ. It’s worked amazing for years until this year when I tried to get cute.
Didn’t make the same mistake in my wife’s this year and went all voyager in mid February and am up 40%. Was up way more but riding it out. I like the stock.
Didn’t make the same mistake in my wife’s this year and went all voyager in mid February and am up 40%. Was up way more but riding it out. I like the stock.
This post was edited on 5/7/21 at 8:32 pm
Posted on 5/8/21 at 6:25 am to Ballstein32
Monthly. $500. VTI.
Posted on 5/8/21 at 6:37 am to Ballstein32
Monthly. Choose a target date fund a little farther than when you expect to retire and let it ride
Posted on 5/8/21 at 7:13 am to Ballstein32
(no message)
This post was edited on 4/10/23 at 4:53 am
Posted on 5/8/21 at 11:24 am to Ballstein32
Our 401k plan through fidelity let’s us put $25,000 pre-tax and then up to $57,000 post tax. I’ve gotten about half way to the post tax limit through the years.
My Roth contribution of $7000 (back door) I usually pull it out of my savings in January or so.
My Roth contribution of $7000 (back door) I usually pull it out of my savings in January or so.
Posted on 5/8/21 at 5:05 pm to tigersfan1989
quote:
6k lump sum in January
this for the IRA. i actually use SoFi's automated investing and have a 80 stocks/20 bonds mix. went with that option because i didn't really know what i was doing investing-wise when i first set up the account.
contributions to the 403b and HSA come out biweekly, and i max out the HSA at the end of the year if i haven't hit the limit.
Posted on 5/8/21 at 9:01 pm to Ballstein32
With my Roth, I write a check in early January for the entire amount for the wife and I to get it in the market.
Posted on 5/8/21 at 9:34 pm to Ballstein32
Typically dump $6k in right on January 1st into Roth IRA from E-fund then just rebuild that back up for the rest of the year and repeat. Goes right into an S&P index fund. Nothing wrong with DCAing if you don't have the cash right away though.
This post was edited on 5/8/21 at 9:36 pm
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