Mass mutual, ira roth ira, loans
Share, Compare & Improve Long-Term Investment Portfolio Strategies
2009.10.09 19:33 Share, Compare & Improve Long-Term Investment Portfolio Strategies
Get (and give!) advice on investment portfolios and financial planning goals for retirement (401k, Roth, IRA, HSA) and taxable investing accounts, particularly stock and bond mutual funds and ETFs - learn tips for tax efficiency and other account optimization strategies. This is a great place for beginner and advanced investors to share knowledge! NOTE: please include the names of funds in your post, not just the tickers (we don't have those all memorized!).
2024.05.09 03:16 allpulpnojuice Pay off student loan debt/save for a new car and then contribute to retirement? Or how can I do all 3 at the same time?
Should I start contributing to an outside retirement account (I have a 403b through my full time job and a Roth IRA with 3.4k) once I pay off my student loan debt 19.3k and save about 10k for a down payment on a new car?
Or is it possible to do all 3 at the same time?
I cut down on my monthly savings to try and pay off my loans faster. I have a fully funded emergency fund that is 6 months of my expenses.
I've heard that you should contribute to retirement once you have your debts paid off. I'm just wondering if it would be worth contributing at least 50 dollars every two weeks into my Roth IRA or wait until I can put enough money in to make a real impact.
For context: I opened the Roth IRA when I still lived with my mom, but I haven't really contributed much to it since I moved out since I'm trying to tackle my student loans and get a fully fleshed out emergency fund.
I'm 25 and have been an RN for 2 years and just feel like I'm doing something wrong since I always hear people talking about contributing to savings. I'm worried that I'm falling behind. I make about 77k a year and my fiance makes about 86k a year and we are more than able to cover our expenses.
My priority though has been paying off my loans and trying to save for a new car just in case mine dies one day. She's a 2010 Toyota Corolla with about 225k miles on it. We have about 5k saved up for a new car but are trying to get to at least 10k.
But yeah, my biggest concern is that I'm falling behind in life. I hear about friends buying houses and maxing out their IRAs and just can't help feeling like I'm doing something wrong.
Anyways, I appreciate any and all answers.
submitted by allpulpnojuice to personalfinance [link] [comments]
Or is it possible to do all 3 at the same time?
I cut down on my monthly savings to try and pay off my loans faster. I have a fully funded emergency fund that is 6 months of my expenses.
I've heard that you should contribute to retirement once you have your debts paid off. I'm just wondering if it would be worth contributing at least 50 dollars every two weeks into my Roth IRA or wait until I can put enough money in to make a real impact.
For context: I opened the Roth IRA when I still lived with my mom, but I haven't really contributed much to it since I moved out since I'm trying to tackle my student loans and get a fully fleshed out emergency fund.
I'm 25 and have been an RN for 2 years and just feel like I'm doing something wrong since I always hear people talking about contributing to savings. I'm worried that I'm falling behind. I make about 77k a year and my fiance makes about 86k a year and we are more than able to cover our expenses.
My priority though has been paying off my loans and trying to save for a new car just in case mine dies one day. She's a 2010 Toyota Corolla with about 225k miles on it. We have about 5k saved up for a new car but are trying to get to at least 10k.
But yeah, my biggest concern is that I'm falling behind in life. I hear about friends buying houses and maxing out their IRAs and just can't help feeling like I'm doing something wrong.
Anyways, I appreciate any and all answers.
2024.05.09 02:59 CarlRosenthal Stocks, ETFs, and Retirement Accounts
Hello. I am almost turing 17, and looking to start investing more. I have a Youth Account, and I am starting to get stocks and ETFs. My main question is about retirement accounts, such as a 401k and a Roth IRA. Could I treat stocks and ETFs as a retirement account, holding on to them long-term, or would it be better to open a Roth IRA and contribute more to that? I want to try to be more hands on with investing. Is there a difference between retirement accounts rather than holding stocks and ETFs yourself? Thank you!
submitted by CarlRosenthal to fidelityinvestments [link] [comments]
2024.05.09 02:43 jasonklempjr Help with diversifying investments
 | I’m 21 and am beginning to contribute to a 401k and Roth IRA through my work, they match up to 4% so I was thinking 4% into my 401k and 3% in my Roth. By default they suggest putting 100% in a T. Rowe 2065 but I have the option to split the % into different investments, any suggestions or should I just go with the default? submitted by jasonklempjr to Retirement401k [link] [comments] |
2024.05.09 02:38 RAT-KNG Question about 457 plan + retirement?
Hello I'm new to financial planning and i had a question about retirement - My workplace recently offered a 457 plan? through nationwide so i figured i'd set up an account and contribute some money toward it per paycheck, i also have a roth ira i set up myself through schwab. My question is when i asked the guy if i'd have to split my contributions between both accounts because i read somewhere the max i can contribute to a roth ira is 7000$ per year? he said "no you can contribute as much as you want it won't affect the 7000$ you can contribute towards the roth ira" How does this work exactly ? I just don't want to get myself into any trouble is this 457 plan not the same as a regular retirement account? The fella didn't really explain. Any help would be greatly appreciated thank you.
submitted by RAT-KNG to FinancialPlanning [link] [comments]
2024.05.09 02:36 888mustang Withdrawing from retirement accounts?
Thoughts on withdrawing from retirement accounts.I'm 68,I have a 401k rolled to a IRA,aRoth and a cash account at Schwab. Also enough cash in discover bank to last a couple years. My broker says to withdraw from my cash account at Scwab until it's gone. Everybody agree?
submitted by 888mustang to investing [link] [comments]
2024.05.09 02:22 olivertwist1516 Should I get a financial advisor?
I’m 30 and I’m starting to realize I don’t know how to invest. I’ve got around 100k sitting in a HYSA at 4.25 at my local credit union. And I’ve got around 100k in my annuity/401k. I only put 5% of my paycheck into my 401k but my employer puts around 10 bucks in an hour for every hour I work so that’s why I don’t put much in. Should I be putting more into 401k or should I start my own Roth IRA. I also have no idea how to invest my annuity/401k it’s sitting in a core blend that’s only gotten me 3.8 percent in the last 3 years. Could I financial advisor help me better invest the money sitting in the HYSA and annuity /401k or are those pretty solid returns right now? Lastly, with these figures what kind of advisor should I look for someone full time that takes a small cut or just pay by the hour for sound advice? Thanks y’all
submitted by olivertwist1516 to Money [link] [comments]
2024.05.09 02:09 NobaBoba_ [11th grade and Algebra 2] I'm really confused in the first ss regarding the net gain. I thought I already did that in the second column. For the second ss im confused on how to use the calculator : https://www.calculator.net/roth-ira-calculator.html
![[11th grade and Algebra 2] I'm really confused in the first ss regarding the net gain. I thought I already did that in the second column. For the second ss im confused on how to use the calculator : https://www.calculator.net/roth-ira-calculator.html](https://b.thumbs.redditmedia.com/R0Jgmo8Ov5fqQU2rH9nKV5tKvTQgjNn9EQqolDY56tI.jpg "[11th grade and Algebra 2] I'm really confused in the first ss regarding the net gain. I thought I already did that in the second column. For the second ss im confused on how to use the calculator : https://www.calculator.net/roth-ira-calculator.html") | submitted by NobaBoba_ to HomeworkHelp [link] [comments] |
2024.05.09 02:03 lilblkcurlyhair Roth IRA
Hey All! I have 10% going to my employer 401k and 3% going into a Roth IRA through Empower. So far this year, I’ve contributed $3,728 to the Roth IRA. After reading a few posts, I want to open up a Vanguard account Roth IRA. I know that across all Roth IRA accounts, the limit is 6500 so should I stop putting 3% per paycheck and open up the Vanguard account and then add 2772 and hit the limit? Or should I just keep doing the 3% and open up the vanguard account next year? I’m super forgetful so I know I’ll most likely over contribute if I do both. Appreciate the advice in advance!
submitted by lilblkcurlyhair to Bogleheads [link] [comments]
2024.05.09 01:49 idonothingtomorrow Is a Trad IRA conversion to Roth IRA considered earned income?
Suppose that I have a 401k that I want to rollover to a Trad IRA and then I convert this Trad IRA to a Roth IRA. Is this considered earned income for the prereq to contribute to a Roth IRA?
submitted by idonothingtomorrow to Bogleheads [link] [comments]
2024.05.09 01:37 Mylifeisacompletjoke Anyone have a mega backdoor Roth provider?
I make high 5 figures 1099 income and want to open either a SEP IRA or solo 401k that is eligible to roll over into a mega backdoor Roth IRA. I already max my w2 401k and my backdoor Roth IRA at fidelity. I looked at mysolo401k.net but can’t get a phone call with anyone from there til next week 🙄
submitted by Mylifeisacompletjoke to personalfinance [link] [comments]
2024.05.09 01:34 Apprehensive-Simple7 VOO vs VTI?
would it be smart to invest into both VOO and VTI
or should I just stick with vti and just invest into that .
its going into a roth ira
submitted by Apprehensive-Simple7 to Bogleheads [link] [comments]
or should I just stick with vti and just invest into that .
its going into a roth ira
2024.05.09 01:31 oopsiebaby10 Does anyone have ideas for a LLC or SP to be able to employ my dependent children so they can have an earned income to fund a custodial Roth IRA?
I would like to start a custodial ROTH IRA for my children who are too young to earn W-2 wages otherwise. Does anyone have any ideas for an LLC or SP that I am able to start so they can have an earned income and hence the ability to contribute to a custodial ROTH IRA.
submitted by oopsiebaby10 to smallbusiness [link] [comments]
2024.05.09 01:30 Genuwynn I am the Kwisatz Regardach. The semen of Brrakis call me Regard'Dib: the one who points the way to the gutter. Here I am, here I remain
 | submitted by Genuwynn to wallstreetbets [link] [comments] |
2024.05.09 01:28 divy-lover Funding ROTH IRA for wife and I
Hi Guys,
I am 37 and wife is 36. I am ready to fund both our ROTH IRAs for 2024. I have done my own research and my ideas but, wanted to hear from the community. Thoughts and suggestions? I am still not sure if I want to DCA for the rest of the year or just fund both all at once.
Thank you
submitted by divy-lover to dividends [link] [comments]
I am 37 and wife is 36. I am ready to fund both our ROTH IRAs for 2024. I have done my own research and my ideas but, wanted to hear from the community. Thoughts and suggestions? I am still not sure if I want to DCA for the rest of the year or just fund both all at once.
Thank you
2024.05.09 01:22 loblollyhills Check my idea - Transfer Trad IRA from Vanguard to Empower Employer 401K to open Backdoor Roth capability
Here is my current Trad IRA breakdown in Vanguard for a total of $98,278.49:
My fund options are all over the place in my Empower Employer 401K, but I think I have it narrowed down to these:
I would probably break it down the same way because VINIX and VTI overlap by 99% and VTAIX and VXUS overlap by 98%.
The Empower account has more fees, unfortunately:
Edit: In case it matters, I am maxing out my 401K starting this year, and it currently holds ~20K. My Roth currently holds 15K, and I max that out every year. I just started making 160K, so I can't contribute normally anymore.
submitted by loblollyhills to Bogleheads [link] [comments]
| Fund | Amount | ER |
|---|---|---|
| VTI | $58,340.29 | 0.03 |
| VXUS | $39,935.93 | 0.07 |
| Fund | ER | Description |
|---|---|---|
| VINIX | 0.04 | Vanguard Institutional Index Fund Institu |
| VTAIX | 0.11 | Vanguard Total International Stock ETF |
The Empower account has more fees, unfortunately:
- $14.25 quarterly ($57 annually)
- 0.01% quarterly (0.04% annually) - this is the one that concerns me, but it is only $40/$100K
Edit: In case it matters, I am maxing out my 401K starting this year, and it currently holds ~20K. My Roth currently holds 15K, and I max that out every year. I just started making 160K, so I can't contribute normally anymore.
2024.05.09 01:11 RespecPerspective 36 M and 49 F in need of retirement advice
Hi y’all. I think I may be overthinking this but I could use some advice for some peace of mind.
My wife is 13 years older than me and will probably retire at 64 due to the hospital’s “Rule of 85”. I want to ensure that we’ll be good for her retirement. Because of this, I’ll probably look into early retirement, 51-54, just so we can enjoy retirement together. We have no kids and no plans to adopt in the future.
Because of the early retirement plans, I’m assuming we won’t be able to touch our 401k/TSP/IRA/Roth until age 59.5. So how would we do so? My guess is to have taxable brokerage with enough to get by until then? Or are we looking to work enough to get by?
Part of my confusion is the calculator makes the assumption of your entire portfolio. But since I have early retirement in mind, I wouldn’t be able to access the majority of my portfolios until later. If my thought process is correct, then I assume I should put more emphasis on growing my taxable account to cover that gap.
For context: Wife and I make $230k annually and are contributing max $30k each to our 457/TSP, and full Roth $7k each. Right now we are contributing about $150 a month in our taxable account. Taxable brokerage is $22k but Total investment assets a little over $300k. We spend about $90k annually but most likely will reduce that amount once she retires. I just assume we’ll be spending that much annually just to be safe in the calculations. Only debts are about $340k for 2 cars and a mortgage.
My confusion lies in the concept of CoastFI. Do I aggressively grow the Taxable account to cover that work gap? Or is this more like a Barista Fire where I’m looking for part time until i hit traditional retirement?
Edit: ugh I realized after the post that in this scenario, my wife would be over the age of 59.5 and so she would be eligible to utilize her 457. So that might answer my question. However, I also did the math wrong and apparently the rule of 85 would actually put my wife at 9 years till retirement (she worked 18 years 49+18=57, 85-57=18). So then my question still applies because then she would be 58 at her retirement date.
submitted by RespecPerspective to coastFIRE [link] [comments]
My wife is 13 years older than me and will probably retire at 64 due to the hospital’s “Rule of 85”. I want to ensure that we’ll be good for her retirement. Because of this, I’ll probably look into early retirement, 51-54, just so we can enjoy retirement together. We have no kids and no plans to adopt in the future.
Because of the early retirement plans, I’m assuming we won’t be able to touch our 401k/TSP/IRA/Roth until age 59.5. So how would we do so? My guess is to have taxable brokerage with enough to get by until then? Or are we looking to work enough to get by?
Part of my confusion is the calculator makes the assumption of your entire portfolio. But since I have early retirement in mind, I wouldn’t be able to access the majority of my portfolios until later. If my thought process is correct, then I assume I should put more emphasis on growing my taxable account to cover that gap.
For context: Wife and I make $230k annually and are contributing max $30k each to our 457/TSP, and full Roth $7k each. Right now we are contributing about $150 a month in our taxable account. Taxable brokerage is $22k but Total investment assets a little over $300k. We spend about $90k annually but most likely will reduce that amount once she retires. I just assume we’ll be spending that much annually just to be safe in the calculations. Only debts are about $340k for 2 cars and a mortgage.
My confusion lies in the concept of CoastFI. Do I aggressively grow the Taxable account to cover that work gap? Or is this more like a Barista Fire where I’m looking for part time until i hit traditional retirement?
Edit: ugh I realized after the post that in this scenario, my wife would be over the age of 59.5 and so she would be eligible to utilize her 457. So that might answer my question. However, I also did the math wrong and apparently the rule of 85 would actually put my wife at 9 years till retirement (she worked 18 years 49+18=57, 85-57=18). So then my question still applies because then she would be 58 at her retirement date.
2024.05.09 00:17 Craftygirl4115 Where to put a rolled 401k with a short horizon
I discovered this sub way too late in my investing career, but I’m slowly moving in this direction within my portfolio. Selling poor performers and taking cash dividends and moving into a few Vanguard ETFs frequently mentioned here. I’m hoping the question below is allowed and would appreciate a boglehead opinion. I like the simplicity.
I have a 401k from an old employer that’s about 23% of my overall portfolio that is in some very high cost funds.. I would like to roll it into an IRA that I can control and am looking for suggestions as to allocation once moved. Both spouse and I are 61 and will retire within the next 5 years. I have always invested like i have a long horizon, and it’s strange and a bit unsettling to realize I don’t any longer.
Allocations are as such:
Cash and crypto <4% Taxable accounts in a mix of mutual funds, ETF and stock- very heavy on stocks. 40% 401k/Roth accounts in mostly mutual funds with one target date fund in the account I want to roll. 57%
Home equity of about 600k VHCOL area. 400k left on mortgage at 2.5%.
Generous COL allotment 150k
Currently max out 401k, plus catch up, plus company sponsored ROTH. That plus matching and profit sharing = ~50k per year. An additional 10 to 20k into taxable accounts and HYSA.
I anticipate keeping up this rate of investment until retirement date, whenever that might be. I also have a personal business that produces some income.. ~25k
At this point should I just take the old 401k and put it totally into bonds? That seems to be the most conservative approach. Is there anything else I should consider at this point, and with our retirement looming? Thanks
submitted by Craftygirl4115 to Bogleheads [link] [comments]
I have a 401k from an old employer that’s about 23% of my overall portfolio that is in some very high cost funds.. I would like to roll it into an IRA that I can control and am looking for suggestions as to allocation once moved. Both spouse and I are 61 and will retire within the next 5 years. I have always invested like i have a long horizon, and it’s strange and a bit unsettling to realize I don’t any longer.
Allocations are as such:
Cash and crypto <4% Taxable accounts in a mix of mutual funds, ETF and stock- very heavy on stocks. 40% 401k/Roth accounts in mostly mutual funds with one target date fund in the account I want to roll. 57%
Home equity of about 600k VHCOL area. 400k left on mortgage at 2.5%.
Generous COL allotment 150k
Currently max out 401k, plus catch up, plus company sponsored ROTH. That plus matching and profit sharing = ~50k per year. An additional 10 to 20k into taxable accounts and HYSA.
I anticipate keeping up this rate of investment until retirement date, whenever that might be. I also have a personal business that produces some income.. ~25k
At this point should I just take the old 401k and put it totally into bonds? That seems to be the most conservative approach. Is there anything else I should consider at this point, and with our retirement looming? Thanks
2024.05.08 23:59 Spiritual_Witness766 Is Fidelity Safe Long Term. 24 Year Old
Hi!
I am using Fidelity as my retirement vehicle via Roth IRA. I am putting my $$$ into FZROX and FZILX.
That said, from my understanding I can only have these funds on Fidelity. I will not be withdrawing for 40 years presumably - How can I be sure that Fidelity will still be around by then, and if not - will my money and savings be safe?
submitted by Spiritual_Witness766 to fidelityinvestments [link] [comments]
I am using Fidelity as my retirement vehicle via Roth IRA. I am putting my $$$ into FZROX and FZILX.
That said, from my understanding I can only have these funds on Fidelity. I will not be withdrawing for 40 years presumably - How can I be sure that Fidelity will still be around by then, and if not - will my money and savings be safe?
2024.05.08 23:45 throwawayhobbyist64 Put all 7K in FXAIX?
I’m ready to put 7k in my Roth IRA. My question is should I put all of it in FXAIX? I’m 24 and already have 1k in FXAIX
submitted by throwawayhobbyist64 to fidelityinvestments [link] [comments]
2024.05.08 23:37 natttsd What to do with 200k
I'm about to sell my childhood home which is going to result in $200-250k in liquid cash. I don't have any debt, about 7k in my Roth IRA and $2k in an emergency fund. Car is fully paid off.
My plan is to max my Roth IRA and put about 10k in my emergency fund that will sit in a HYSA. I would also like to do some traveling, I was thinking maybe spending ~30k since I've never been outside of California.
What should I do with the rest?
I'm 24 years old.
Thanks in advance!
Edit: keeping the house is not an option. I work as a fitness instructor and bring in about $2500/month with bills amounting to $1300
submitted by natttsd to FinancialPlanning [link] [comments]
My plan is to max my Roth IRA and put about 10k in my emergency fund that will sit in a HYSA. I would also like to do some traveling, I was thinking maybe spending ~30k since I've never been outside of California.
What should I do with the rest?
I'm 24 years old.
Thanks in advance!
Edit: keeping the house is not an option. I work as a fitness instructor and bring in about $2500/month with bills amounting to $1300
2024.05.08 23:25 ljaramillo11 Definition of “Early Retirement”
I’m hoping this doesn’t come off as complete ignorance or even stupidity, but I’m genuinely asking. What does “Early Retirement” look like? How exactly does that work? My wife (29) and I (30) like to think we have our life, somewhat, in balance. Of course no one is perfect. We’ve been funding both of our 401ks to our company match as well as our separate Roth IRAs. We even have our savings in a HYSA. We’ve been consistently funding these accounts as best as we can and have been for the last 5ish years. Our 401Ks meet our company match and we each put in about 5-6k a year into our Roth IRA. I spend most of my down time watching YouTube - mostly financial planning, saving tips, etc. It’s always interested me.
When people ask us what our “goals” are - we both just look at each other.. Goals? Idk..? To save as much money as possible? Pay off our house early? Have kids, stay in shape, travel.
I read through this thread and watch videos on YouTube and see countless people talking about retiring early but it doesn’t make sense to me. We can’t pull our 401ks or our Roth IRAs until 55-59.5. How exactly does one continue to live without income? Are they just living off of savings until they can pull the funds out? That would worry me to death, I think. Maybe I’m just not seeing the big picture right now. Not sure if anyone else relates to this, but I’m curious.
Thank you if you read this far - stay blessed everyone.
submitted by ljaramillo11 to Fire [link] [comments]
When people ask us what our “goals” are - we both just look at each other.. Goals? Idk..? To save as much money as possible? Pay off our house early? Have kids, stay in shape, travel.
I read through this thread and watch videos on YouTube and see countless people talking about retiring early but it doesn’t make sense to me. We can’t pull our 401ks or our Roth IRAs until 55-59.5. How exactly does one continue to live without income? Are they just living off of savings until they can pull the funds out? That would worry me to death, I think. Maybe I’m just not seeing the big picture right now. Not sure if anyone else relates to this, but I’m curious.
Thank you if you read this far - stay blessed everyone.
2024.05.08 23:22 No_Work5120 New grad how should I prioritize my investments?
Hey everyone,
I recently graduated from college and I'm gearing up to start my first full-time job next week in NYC. With a base pay of $140,000/year, I'm eager to make smart financial decisions, but I could use some guidance on the best way to allocate my income.
Here's a breakdown of the benefits my company offers:
Starting work mid-year means I need to aggressively contribute to max out my 401k. Additionally, I can contribute to my Roth IRA, but 2024 will be the last year I can do so since I'll start receiving $40,000/year in RSUs from 2025, pushing me over the income limit.
With 15 paychecks left in 2024, here's what I've calculated:
submitted by No_Work5120 to personalfinance [link] [comments]
I recently graduated from college and I'm gearing up to start my first full-time job next week in NYC. With a base pay of $140,000/year, I'm eager to make smart financial decisions, but I could use some guidance on the best way to allocate my income.
Here's a breakdown of the benefits my company offers:
- 401k: They match 100% up to the first $2,000 each year.
- HSA: I get $150/month, totaling up to $1,800 annually.
- ESPP: My company's employee stock purchase plan allows me to use 15% of my before-tax salary to buy company stocks at a 15% discount. I'm bullish on my company's prospects, and I believe in the market too.
Starting work mid-year means I need to aggressively contribute to max out my 401k. Additionally, I can contribute to my Roth IRA, but 2024 will be the last year I can do so since I'll start receiving $40,000/year in RSUs from 2025, pushing me over the income limit.
With 15 paychecks left in 2024, here's what I've calculated:
- Max 401k: $1,500 per paycheck.
- Max ESPP: Approximately $1,400 per paycheck.
- Max Roth IRA (already contributed $400 this year): $440 per paycheck.
- Max out my employer match of $2,000 in my 401k.
- Max out my Roth IRA.
- Work towards maxing my 401k.