ROTH

mighty_sys_admin

ADBE PE at 14 lmao :) ez ROTH pickup

Wombo_Zombo

Actually one of the best trades I've ever had. I was the highest sell on the chart. Closed a put that I opened at the the 81,300 double top, went long in my ROTH and immediately flew. Not trying to gloat, just sharing the hype. 🙏 Stay blessed brother https://preview.redd.it/wmde0qbt3boh1.jpeg?width=1437&format=pjpg&auto=webp&s=e5579d1a045623d9485d8f7ade25c4548edfc267

Wombo_Zombo

Im right there with you. Bought some in my ROTH around $123 and was dreading market open then.... flat. We stay blessed If you hold BTC MSTR is a nice tool to open puts at double tops. Make plays/hedges against your holdings without moving any BTC

HistoryAndScience

Well number one, insider trading is very hard to prove. Merely having a high percentage of wins is not indicative of anything. I have a 200%+ return on my ROTH but I have done nothing illegal, just picked RKLB at $3 and bought the Google dip in 2024 and held. When you look at Pelosi as well, their account is doing stupid shit like buying Meta calls or Puts. They’re not putting 2 million down on some shit dollar stock and then it gets a fed contract. You too can emulate Paul, in fact there are tons of ETFs that do. Trump is the better case, guy is trading 1000s, yes THOUSANDS of times this year in critical areas and he has direct control over tariff policies. I mean C’mon, that’s at least worthy of investigation and yet, crickets

zxc123zxc123

Jan is the GIGABRAIN IQ play: 1. You catch the Santa Rally AND get the year start Trad/ROTH/401K contributions. 2. The folks who front run "Sell in May, Go away" by selling Mar-April? You're front running them by selling in Jan/Feb.

LionRivr

All non-BTC Crypto is garbage. They’re all either failed/failing startups, or outright scams. S&P500 and Nasdaq barely outpace long term monetary debasement. You took risks that paid off. But you had low level of discipline to understand what you profited. And you had a high level of hopes/dreams for your crypto “investments”. I’ve also been in the space since 2017 and had similar levels of volatility as you. Just not as high as you got. (Swings from $10k to $150k down to $30k etc. etc.) Luckily, I still kept getting market exposure in my 401k and ROTH IRA, but I also now DCA bitcoin for the long term.

bigmac9

Just came into a large rollover 401k from an old job. Should I just drop it all on a growth etf/index like VUG? I already am diversified in the total stock market in my 401k and ROTH IRA. This would just be trying to capture growth opportunities.

Money-Effective7189

There are some out there that just want your money. First I would make sure they are with a reputable company check to see thier total AUM and are they a fiduciary. Ask friends/collegues, parents who they use. You can find companies that take thier fee on a sliding scale based on the portfolio zize Amount Under Management "AUM". Generally the minimum amount is 200-300k and the fee is roughly 1%. If you come in with more money the fee may drop, IE 1,000,000.00 the fee could be .08%, 2.5 million could be .06% and 5 million+ could be .05%. Speak to the advisor, after they have your financial history, identify the value of your investments, ask them what thier financial plan is? Short term, mid term and long term. What they plan to buy, only ETF's, only stocks, a mix, private securities, bonds, Treasuries? How they will structure it, the funds they will use, allocation break down. Ask lots of queations, be inquisitive, and ask how many times per year will you meet to address poetfolio concerns, market changes, market loss etc. Your 401k and 457b should offer advisors and a very discounted price to a traditional financial advisor. If your starting out a fund under 100k-250k this is the way to go, possibly using thier robo advisor. Between 250k and 500k use your funds advisor they may charge 2-3%, but at 1 million dollars + consider a fiduciary. I had a number of accounts, a 401k, 403a, 457b, taxable brokerage account, traditional IRA and ROTH IRA. I personally managed mine through the bulk of my working life, but a few years before retiring got a fidu iary. He is very knowledgable and proactive in managing my various accounts. My portfolio breakdown is below. Domestic equity. 52.20% International. 26.40% Fixed income. 17.49% Emerging markets. 3.82% Real assets. 3.05% Cash. .46% Alternative investments .33% I still evaluate fees paid to the financial company versus the growth in the account during that quarter. We meet quartely and start the year with a general plan and each quarter tweek the plan as needed based upon world and US events, the market, inflation, taxes etc. You have to figure out thier worth and if you think you can do better in the market. If your account made 10-15% what would you be willing to pay. 500k portfolio, making 12% =60,000. Would you pay .08% or 4,000? Hopefully this gives you a little insight to evaluate the value of a good financial professional and how they can grow your wealth.

RedditLeagueAccount

Most will agree with u/CrabKates too. Get the ROTH filled for the guaranteed bag without the taxes... Unless you believe taxes will be decreasing in the future. The worst case scenario is you might end up needing to work part time a tiny bit longer. Right now in your taxable brokerage you have 130K right? If you put no more in the taxable brokerage, that's about 524k at age 45 (assuming no crash) even if you don't contribute anything else in there. It won't let you fat fire by itself but a modest living would be fine. And then you have the other options u/CrabKates mentioned. Keep in mind the HSA is triple tax advantaged and that if you retire early, health insurance will be expensive. So that is either a major expense or finding a part/full time job offering health coverage. The other thing to be aware of is the "sequence of return risk". If you have not researched, check into that. You will either want to plan a slight cash cushion, or have some dividend stocks that would pay a bit in the event the stock market crashes right when you retire. You would not want to sell stocks during that time so having a cushion where you do not sell low would be nice.

Due-Construction-351

I'm 37 and have been relatively passive on my choices and focus on investing and the future until this year. Realizing that I need to be taking better care of all of the big options I have in front of me. Currently I've got a 401k through work, they match up to 6%, i contribute 6% as well. I participate in the company's ESPP program to get 15% discount on company stock, and as of this year, I started a ROTH IRA. I've got an HSA account through my work insurance but I messed up this year in which insurance selection to go with to where I missed out on the $ that the company could contribute to it, so there's essentially no growth in that account. I am reaching out to see if I could get some insight on how to adjust in the coming future. The general advise that I see from Reddit to others is max out your contributions in everything, but I know with what I currently earn and that I do still want to take times to enjoy life around me, I am not at a spot to be able to just throw all excess funds to everything and max things out. So my question is this - is it better to maintain adding $ to only 401K and Roth, even though neither will be maxed, or should I shift to also add to HSA so I can have enough in there to begin investing there too (the website reads that I need to have minimum $1000 for it to shift to the investment portion)? Not investing in HSA would mean more goes to ROTH.

LightSpecialist804

honetsly MU is worth 2,000 a share anyways so I'm happy adding it to my ROTH for a discount

KristyKae-12

Custodial ROTH and let her make it more. Whatever can’t go there she gets to spend over the next 3 birthdays.

andytobbles

Shinjaki is a passive boomer investor of 34 years. I’ve taken 4K to 256K in 3 years with not a single contribution in a ROTH IRA. Yeah im sure his account is insane but Ive made returns in 3 years with options and no contributions that took him 15-20. Give me 30 years and I’ll maybe let him wipe my ass every now and then.

andytobbles

As an old fart who started in 1993 who long did it take your port to run up 6200% in 3 years? That’s what I’ve managed with only options. You’ve got 31 years on me but I guarantee I’ve probably already made returns in a ROTH IRA in 3 years that you made in 15. I took 4K to as of right now 258K in 3 years. You couldn’t even dream of doing that in that time span. So yeah as an “old fart” you have me beat but in 30 years you won’t even be able to hold my jock strap.

Freedom-Of-Trades

1st, Only max a 401k to the point that they will match. Next Max a ROTH IRA. Then, if you have the $ and available 401k headroom, max that. Or If you are up to it take that $ and buy a rental property. I want to warn you about RMD's and the brutal tax consequences that they can have. Your 401k will be subject to them. Not only will you pay tax on the Mandatory withdrawals, but they can kick you up one or more tax brackets AND they can cause more taxes on your social security, AND it can drastically raise what you are charged on Medicare in retirement. A Roth won't do that. And when you get closer to retirement, get a plan together to deal with those RMD's years before they start so you can mitigate the taxes as effectively as is possible. You tax strategy is as important as your investment strategy.

Which_Drop_5877

My emergency fund is my ROTH unfortunately.

thorn960

What investment would you make that would make up for the 20% in taxes? I'm betting the taxes are more because you haven't added in the 10% penalty for being under 59 1/2. The only reason I would pay taxes on it would be to roll it over into a ROTH IRA and then you would just be paying the income tax and not the penalty. I think you still have to roll it over into a traditional and then convert it though.

Albert14Pounds

Not starting a ROTH IRA as soon as I had earned income. If I could go back in time...

Mirojoze

Work out your monthly expenses... Leave an amount in your HYSA that can cover several months worth of your expenses as an emergency fund...the number of months recommended varies. At your age I think I kept 5 months as an emergency fund. If your company matches a certain percentage of what you put in your 401K then try to at the very least put in the full matching amount at a minimum. Now at 22 I think it's worth stepping back and seeing if it might be worth spending money on things that will increase your income - for example you might be in a profession where earning a certification in something will bump up your salary. I'm saying this because at age 22 you have a lot of years of earnings ahead, and increasing what you earn this early in your career can have a huge impact. Look hard at tax sheltered accounts like your 401k and ROTH IRA. Regularly contributions into these seriously builds up money over the years! It was years before I was able to max out my contributions but I invested as much as I could when I could. As for what to invest in...if I were doing it all over again I'd invest in low cost ETFs that are indexed broadly against the market. Rather than choose for you I'd suggest looking into such ETFs yourself. It's better to know what you are investing in that to just follow advice from some rando on Reddit! Lol! At this point I'd also like to say Don't Let Someone Talk You Into Whole Life Insurance! At 22 I had both my parents and an insurance agent try to talk me into this! Fortunately I looked into it and gave them a bit No. Please look into it yourself if you are getting the same kind of push towards getting it...it isn't a good investment at all. Best of Luck!

Necessary-Error9333

With your ROTH?? How are you going to harvest your tax losses after this bad decision

Routine_Spite8279

Why? Its in a ROTH.

cghffbcx

If there’s more income after the ROTH you can open a SEP IRA

MiniTab

Same here. I have a pretty massive pension, and my wife has a smaller one. We both max out our 401Ks and do the backdoor ROTH. I don’t ever want to stress about money, as I grew up in a lower income household and it sucked.

iamacheeto1

I looked it up but you can tell me more about it? I don’t actually have a traditional IRA…I have 2 401ks still in their employer accounts, a ROTH, and a brokerage. I’d have to open the IRA for the backdoor and I’d do it all as one lump sum.

tms2x2

I'm withdrawing from my 401K at 66. I have a ROTH also. I should be about 10% tax bracket next year. Watched a bunch of videos about tax conversions 401k to ROTH to reduce required minimum distributions at 75. I don't have a large enough 401k to affect the Medicare IRMA limits when I will have to pull RMD. It is very complicated. Self study or pay someone for advice.

iBoughtYourCar

My ROTH chart looks like a heartbeat monitor lmao down 15% last week, now I’m up 54 LMAO bless up boys

Early_Apple_4142

No bonds at your age. Growth horizon and timeline is too long to worry about "guaranteed money". Honestly, I had this conversation with a buddy a while back and he and I agree that taking your most risky/aggressive positions within your ROTH is ideal because if you hit a stock that goes up a zillion % you won't pay taxes on it as long as you wait to withdraw until 59.5. There are some historical examples of folks putting IPO shares of companies into ROTH accounts and having those accounts grow to multiple 10s of millions of dollars that will be tax free on withdraw. They are RARE, but it can happen. I do still have about 50% of my ROTH as index funds but the other 50% is individual stocks with a couple risky, long plays in there just to see if they turn big. My taxable brokerage is straight index funds.

CosmosMasterMan

Added ONDS at 3% of my ROTH after the sale on good news, thanks fellers ;)

CosmosMasterMan

I run it at 5% in both my brokerage and my ROTH IRA, and a 2% stake in RGTI, full port would require me not to look at my shit everyday xD

TempusFugit314

I just use it for the 3% on my ROTH

NailDull2586

Yes, of course had a simple job during college and my dad’s financial advisor suggested it because I had regular taxable income, back then the early max was like $4500 or something like that, don’t remember anymore. Then I gambled and did my own research with stocks…people thought I was crazy trading with my ROTH like that haha. Honestly, the intense trading came little late. A little before COVID and that’s when I was little older and had already like $100k there, that’s when I hit the jackpots and bought a lot of it on sale

CosmosMasterMan

MP is a great addition to a ROTH IRA, all the upvotes

CosmosMasterMan

Up 12% on HOOD since I bought for my ROTH IRA on July 31st

IsIt2478

What if you use it to convert to ROTH?

NerdSlamPo

My ROTH has taken a huge hit thanks to the drop. Will be fine long term though

iBoughtYourCar

Just let my ROTH and 401 take me to VAHALLA

TheSmokingLamp

Yeah that’s fine. The ROTH is the issue here…

TheSmokingLamp

In your ROTH IRA no less lol. Truly a degenerate

Disastrous-Fun-2958

Tell me it’s a ROTH baby!

Raveen396

>When you say "Save up 6 months for emergency", would this be my "needs" \* 6? Or is there a specific number that works better here? These are rough guidelines, so opinions will vary. People who are more risk intolerant may save 6 months of income (like people who have dependents/kids, volatile career, or lots of recurring costs), while other people may be comfortable saving 6 months of only necessary expenses. Personally, I have a lot of money in brokerage fund and have no dependents, so I hold \~6 months of base expenses in cash but there isn't a "wrong" answer here, only what you're comfortable with. >My company provides both a traditional and ROTH 401k match, is there an objectively better option between those two? There isn't really an objectively better option, because a lot will depend on future tax rates which are a large unknown. If you assume tax rates and your income stays the same when it comes time to withdraw, it actually doesn't matter (you should sit down and do the math as an exercise). Having some money in both gives you more flexibility when it comes to withdraw. I personally do an 80/20 split, but there isn't really an objectively better option unless you can predict the future.

Aware-Eggplant

Hi, thank you so much for reading my post and commenting:) A couple follow-up question if that is alright... 1. When you say "Save up 6 months for emergency", would this be my "needs" \* 6? Or is there a specific number that works better here? 2. My company provides both a traditional and ROTH 401k match, do you have a preference between those two? Thank you and have a blessed day!

sst1195

I didn’t ’start’ with $572.5K. I started with my first $5K ROTH contribution in 2012 and grew it to $700K at present over the following roughly 14 years.

thatseltzerisntfree

100% 529. Roll the surplus into a ROTH since the 529 has been active for 15 years.

Not_RZA_

Please tell me your ROTH is under $5k or something because that is HIGHLY risky bro

sunnbeta

I’m doing 529s for my kids, even if worst case they don’t do college (and I think the current anti-college hype is overblown, it’s still the route to many good careers and will continue to be), then the gains end up taxed (like they would be in a taxable account) and 10% penalty. That’s aside from the $35k that can be transferred to an ROTH.  I don’t expect to get into that situation, but even then a 10% hit on 18 years of gains seems like a good tradeoff for the potential of untaxed gains if used for college. 

dontrackonme

You can't overfund a 529 with 5 figures. Have you seen how much college costs these days? those 16 years go fast and there will be at least one crisis in between. 35K can be turned into an ROTH IRA if you overfunded the college fund. It can be used to pay ANY education expenses... What if your kid needs to go to private high school? you can use it for that. If you have another kid, you can switch it to them .

Jagged_Tide

Okay Mr. Schwab why not max out a ROTH while you’re at it

Forsaken-Mark-1898

My father-in-law. Back in '94, when my wife and I got married, her father's gift was an appointment with his financial advisor. We started out with $200 a month which was a lot of money for a couple of kids but we stuck with it. The advisor also got us into ROTH's back when they first came out. So looking back, his gift was what started us on our journey to where we are now.

justbclause

I thought hard about buying Apple around 1997 - had been a user since their first pc's and the price was ridiculously low. But I did not buy, nor did I buy Marvel at the same time which was all but a penny stock by then (grew up on X-men comics). I could have put 10k in each but left it in some other basic fidelity funds - and Oh, they were ROTH accounts also, which makes the pain of this memory even worse.

NecessaryEvening8973

I had loses like this about 13 years ago. My own savings too. Had gone all in on a US based shipping company that eventually went bankrupt. The losses on my ROTH sucked azz since you can't do anything with those. But for the rest, I was able to offset capital gains for many years. Almost forgot how much it sucks to pay taxes against capital gains until the carryover losses zeroed. I'd say consider it a $200K paid lesson but in WSB, pissing away $200K on a dumb move seems more like a rite of passage to the next moment of brilliance. In your case, after you dug a hole with an NVDA shovel, you then opted to bring in heavy equipment to keep digging with options. As I see it, you have already purged all of your dumb moves out of your system so all that remains in your future is brilliance.

KNOCKOUTxPSYCHO

Why would that make any difference? Eventually when you sell it you’re going to owe tax either way. Why would it matter if you pay the tax now versus later? This is the same argument as ROTH vs traditional IRA’s, except in this case you are trying to argue that the traditional is the better way to go by paying tax later

Finallytherenow

You can put into a ROTH IRA up to you $7,500. You can also put $500

KennytheDoggy

Too bad you did not do this in the ROTH

-IQ200

Pulling out my ROTH contributions to throw on options. My retirement plan is to retire tomorrow, not at 60+

sonofalando

Now is the time to start making spending sacrifices pay down debt and then once that’s done maximize 401k contributions and then ROTH after that. If you can make that life change then you’ll be good by retirement but you can’t afford to wait any longer and don’t rely on social security being there when you retire. it may not be.

mcchung52

Awesome dude! Pull it tax free? So it’s ROTH ira? I wanna pick my own stocks for my retirement

PooPooPointBoiz

Guess who went all in on NVDA stock in my ROTH today and what happened the moment I bought? Me. And I bought at the top today before close, and it immediately dropped like 2%. What the fuck dude.

izfanx

Maxing out 401k isn't the first goal because not everyone fully benefits from the tax savings. Where as ROTH IRA is post-tax money so the benefit is universal. That's why the steps are 401k until employer match (because free money), then ROTH IRA, then max out 401k if there's money to spare.

tybone537

I hope so, I max out my 457(b) plan at work as well which is also ROTH but unfortunately they didn’t have VTI/VTSAX so I did 80% - VIIIX(large cap), 10% VMCIX(mid cap) and 10% VSCIX(small cap) to try and mimic VTI.

Niastri

You have to pay earned income on the amount that you convert. Using the example from above, my 122 shares of Apple were $80 in January. I thought it was a gift to be able to convert them for only $58 a share. By converting when I did, I got a 27% discount on my tax hit from the conversion. Since you can get up to the standard deduction without paying any taxes, this year you could convert $14,600 from your rollover IRA to your ROTH for free. If you have earned income, you won't get away free, but you can manage conversion cost by looking for dips. Apple want even my biggest gift from COVID... ARCC dropped from 19 to 9 during the pandemic scare. I converted all of it and bought a bunch more while I was at it. You could write a book about the dangers of using margin, but having a substantial margin account with a fairly predictable crash like the one from the pandemic was like a cheat code for the market. But that isn't talking about ROTH anymore. 😂 I use Vanguard for now, they have a simple button on their browser page to convert your IRA to a ROTH. The brokerage firm I used to work for had a 20 page form! I guess most companies will be more like Vanguard these days.

izfanx

What *I* would do is just lump sum it to an SP500 etf and be done with it. But I've got all my things covered (emergency fund, no debt, all retirement contributions planned out). So get rid of your debt, make sure you have your emergency fund, and look to contribute to tax advantaged accounts (ROTH IRA) before putting it in a brokerage account. Though to be perfectly honest HYSA is not a bad choice.

FlatIndependence8633

529 for college. If they don't use 529, can be converted to ROTH. Or.....ST CDs for now. Utilities are down currently and have a high yield for LT. Better with children's accounts and smaller amount of $ to go conservative. Buy and hold.

vision-quest

I contributed to a ROTH IRA for both my wife and I (2023), but realized that we are actually above the income limit and not eligible for regular or a backdoor ROTH contribution. How would I go about fixing this mistake?

DeansFrenchOnion1

25-30% of ROTH if 1) you’re interested in stocks and 2) also contributing to 401k Life is supposed to be fun and having (some) fun with investing will encourage lifelong savings. I use my HSA as my fun portfolio and completely dedicate the bi-weekly contributions to individual stocks I believe in

CUbuffGuy

Couldn’t afford the MSTR put I wanted yesterday in my taxable acct so I bought it in my ROTH. Now I’m a few years contributions ahead :)

Kr1s2phr

You’re not the only one. I’ve always felt that way as well. I never liked the fact that my money is locked into an account until “x” age. Where there’s more penalties than there is positivity. Especially, when it comes to pensions (which I have). However, I do invest in my own personal, taxable account. And now, going on 43 years old, I just started my own personal ROTH (for the hell of it). Just for an extra boost down the road. That gets my growth stocks and one BDC (TSLA, FBTC, SCHG, and MAIN). But I still feel you’re better off investing in your own taxable brokerage then being locked into anything.

fantasyfool

I can start a 529 even before I have a kid?? Nice! HSA is another great call but unfortunately I have to wait til the next enrollment period at my company to do that. I guess I can open one on my own too - I’ll look into that. Also to clarify on the 401k - I am in a 401k but it’s a ROTH 401k

Knot_In_My_Butt

I have just maxed my ROTH and I have about 4k left to invest but now I’m wondering if my account is balanced. I have: 8 shares of JEPI 4 shares QQQ 2 shares VHT 4 shares VOO I feel like QQQ and VOO overlap a lot and I’m not a fan of JEPI so maybe another ETF with a decent dividend payout would be nice. VHT is okay, I really like the idea of getting into healthcare but tbh it doesn’t seem to be that lucrative. Any help would be appreciated

Kydoemus

If in USA, I'd go with a ROTH IRA, you'll be able to withdraw your contributions without penalty (not gains). You'll also be able to pick what to invest in. I'd go index fund, such as Vanguard S&P 500 ETF (VOO).

gavalo01

you can pull your initial investment out of a ROTH tax free, any touching of the gains will fuck you w taxes and the Fee

HippoSpa

Wait till you hear about the mega backdoor ROTH…

rredmed

I'm 72 now and I have used IRA's and Roth's to minimize taxes. I retired at 49 and took my retirement as lump sum. That lump sum came as IRA funds. I had about 140K from a real estate investment to live on. I expected to live as long as I could on that 140K and use the lack of income as a opportunity to dribble the maximum I could tax free into a Roth. To my surprise I was able to do this all the way until I turned 70. At 70 I started to collect Social Security and I expected my tax free IRA --> ROTH dribble to pretty much go away, but it did reduce but I'm still able to rollover a good amount taxfree to my ROTH. So a ROTH is a very usefull tool.

Niastri

The situation gets better if you have a million in your ROTH, and a million in your brokerage account, and get 20k from social security. You're not selling, but living off dividends. 4% from Roth= 40 income 4% from brokerage non qualified amount 40k * 15% taxes= 34k and 6k taxes 20k from Social Security is only half taxable. It is under your standard deduction, so you pay no taxes. You therefore have a total taxable income of 50k, instead of the 100k you have coming in. You pay 6k in taxes. Because you have half your money in a ROTH, you lock in a 6% tax rate with 100k annual income. If you had all your money in the ROTH, you pay no income taxes the rest of your life.

sirzoop

If you are going to end up in a lower tax bracket when you retire than you currently are in, ROTH IRAs are worse than traditional IRAs. If you are going to end up in a higher tax bracket when you retire, ROTH IRAs are better than traditional IRAs.

dldoom

You can withdraw your contributions from a ROTH IRA penalty free.

freebeetoo2

Boy got his ROTH on HOOD

ProudNativeTexan

Just wanted to thank you again for your response. I cashed out the I-Bond, put $4K in my ROTH Ira and added some savings to the remaining balance and got a six month $10K CD at my credit union at 4.75% APR. Contrary to what usually happens when I put money in the market and it immediately dropping, my investment is actually up the two days I have had it! Really can't go wrong with VTI.) This splitting of funds satisfies my wife (and me as well) with her being concerned the ROTH IRA could lose money. Thanks again.

Isenbro_

I’ll give yall a ROTH IRA. Update in a few weeks when I’m up to 500k

Scary-Procedure5373

Yea, but you have great, highly diversified funds in your ROTH, you don't NEED to do anything fancy in your taxable if you don't want to. You can even just buy more of the same fund or do VTI/VXUS if you want.

ShouldvehadaV1

Would the tax benefits of the ROTH IRA be beneficial if I need to withdraw in let’s say 10 years compared to a regular brokerage account?

Organic_Cry3213

At different points in my (45f) married life, I've taken a step back from my career for our family. I don't mind it; I love my work but also my family. But this has meant I've made less money than my husband (40m). He's recently offered to transfer $100k to me to invest in my retirement accounts. I have a ROTH IRA and a SEP IRA through Weslthfront. I'm thinking of just transferring $4k a month to each of these until I work through the full $100k. Is that reasonable? Or is there another strategy I should consider. Note: we're not hurting for money and most of that came after we were married so if we did split up I'd get half of everything. He decided to send me this money on his own accord for the psychological aspect of it. So when I look at my accounts, they don't seem so sad in comparison to all the money we have as a family.

Full-Mousse7576

I'm new to investing, and I mean NEWW. Started this year. Few years back I would dabble here and there nothing serious like bs amount of $. But 2024 I'm agressively putting a minimum $500-800 a month Now here's the thing, I have 0 clue about investing. The extent of my knowledge goes as far as "you believe in that company? Okay own some shares" that's about it I don't know my goals with it, I've read a couple about dividends and stuff which caught my attention but that's about it. I'm more of a long term guy I don't mind then sitting until I need it for god knows what I also opened a ROTH ira which houses VOO only right now. If you seasoned veterans could chime in and possibly drop some pointers that would be greatly appreciated! Or honestly whatever you feel like saying I'm all open ears My brokerage account includes AAPL - 6 shares AMZN - 6 shares GOOG - 1 share KO - 7 shares RIVN - 23 shares TSLA - 2 shares UBER - 6 shares

Kr1s2phr

Learn a trade or multiple trades like plumbing, electrical, heating/AC, and carpentry. People will always need that kind of help. Later, you can always invest in an ETF like SCHG (growth only) in a taxable, and ROTH, account.

lichsadvocate

Ease of use, no commissions, % match in the ROTH

whereismyface_ig

Nah BTFX isn’t on my platform at all. Meanwhile, BITX is listed on the platform but it just doesn’t allow one to trade it at all. In any case, I dumped the whole account into my BITO trade so I can’t even put in bread on the others even if I wanted to. In Canada, we have these accounts called the TFSA where there’s a limit to the contribution room, and any gains made in that account are tax-free. It’s sort of like a ROTH-IRA but not exactly. Because I have a good entry on the LEAP and it’s my entire TFSA, I’m just going to have to wait til BTC hits its cycle peak. When that happens though, I’ll look at all the options available to see if there’s some better moves than BITO

aqwn

Open account at Vanguard and buy only VOO. Also would have maxed out 401k at least to get max employer match and ROTH IRA contributions

HotPlops

You're 26. ROTH IRA. Dividend heavy stocks. Buy them. Keep buying. Reinvest the dividend for more stock. Try for the 7k max annually. $T is boring, but the dividend is currently 6.45%. In 40 years when you retire, you'll have millions and tax-free dividend money coming in. If you want more money, sell weekly covered calls slightly oom.

Normal_human_person

STOP JIM, MY DAD THREW MY ROTH INTO BITCOIN 

Striking-Block5985

no , it depend how soon he takes profit after the original tarde (the wash rule is 60 days ) I doubt that is in play , we also don't know it was done in tax free acct like a ROTH IRA or not

Caboun6828

One of my ROTH accounts is with RH. My ETFs are VOO, JEPQ and XLY. My stocks are AAPL, TSLA and META all with $5 per day reoccurring investments and $150 every two weeks spread across all six.

eateralum

They’re matching 3% on max ROTH contributions???!

semicoloradonative

I did the same thing at your age (50/50) and don't regret it. I did recently stop doing the ROTH 401k though and went all in on pre-tax to help decrease my AGI.

Prudent_Marketing109

Genuine question; when did you start investing on the ROTH IRA?

LUNA_underUrsaMajor

No. Use it to max out HSA and ROTH IRA every year 

No-Service-3987

Personally I would have gone all in and also converted to ROTH first, but nobody is perfect.

Opposite_Engine_6776

I’m having a serious case of fucking FOMO. Like literally liquidate everything: 401k, ROTH, other holdings, and just dump it all in NVDA. Seriously need to see a therapist otherwise I might act recklessly on this impulse. 

p4ort

Long as you max your ROTH you triple your investment just off that. Everything else is gravy

Resilient_Heart

Thanks for the detailed response! I'll have to talk with my financial advisor about what allocations my two professionally managed accounts have, and go from there. I'm not sure if it matters, but the two professional accounts are a Traditional IRA and an Individual - TOD. I also have three non-professionally managed accounts I *try* to tinker with on my own. One is a ROTH IRA Active, one is an investment account for myself, and the third is an investment account for my son. The ROTH IRA Active was set up before my husband passed in 2020 (obligatory "cancer sucks"), and I honestly haven't made any changes to it, while the two investment accounts are heavily invested in Fidelity's FTBX bonds (they also have very small holdings in Target, Apple, WPC, JOBY, and Archer Aviation).

Kr1s2phr

I agree. The FUD is ridiculous. Most people despise Elon and what he’s been doing. But Elon isn’t Tesla. Just the spokesperson. 2024 will be rough but, I see this year being a massive opportunity to stack as many shares as possible (taxable and ROTH). I’m in it for the long haul (7-12 years out).

Evening-Mud-2253

Don't forget you can convert $35k of it to your kids ROTH as well (keeping within yearly limits) -- That contribution at say age 22 would be huge by age 62 (40 years) -- could result in an additional tax free 1.5M (Roughly $500k after inflation).