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Febtober posted:I guess I'm looking for something "easy" to invest in myself. I currently have a Roth IRA set up with Vanguard with about $12k in it that's maxed out for the year. I'm also contributing 3% (the maximum my company matches) into a 401k from work, although it's worth mentioning that I don't really plan on being there long enough to get the full vesting from it. Go out and spend it? Seriously, if your IRA is maxed, and you're getting the maximum 401(k) match from your employer, and you still have $10k just sitting around, take a vacation or something. It's great to save up for the future (which you're well ahead of the curve on), but you shouldn't be sacrificing your present to have a cushy retirement. You're 24, go to Vegas and blow a few thousand dollars; travel the world for a few weeks; lay on a beach in the Caribbean for a week and don't think about anything. For a 24-year old, you're absolutely loaded; live it up.
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Aug 11, 2008 15:30
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Regnevelc posted:I reallocated my portfolio based on some reading I did online at some websites. I invested more in the Global and International Funds and put money into the small companies. I have until tomorrow at 11:00PM to delete this reallocation and do something else. I had one guy comment that I should just shove all of my money into the 2050 (2045 in my case) fund and let it go. What do people think. If you're looking for something where you can just "set it and forget it," just use one of the Target Funds. There's no point at all in putting only a portion of the money in there, since it's just a collection of their other funds anyway. If you want to actively manage it, though, go ahead and spread it around.
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Oct 2, 2008 22:20
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Harminoff posted:I don't know if this is the right thread to ask in, but think it kind of fits. It sounds phenomenal, so I'd look into if there are any restrictions on it (besides the usual withdrawal limits on a savings account), but otherwise, I can't imagine there being a ton of drawbacks. (Unless you're the sort of person who's going to post another thread about how MY STUPID BANK OVERDRAFTED ME AND NOW THEY'RE CHARGING FEES WTF BANKS ARE SUCH BULLSHIT!!!!)
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Mar 31, 2009 18:41
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One of the perks of my current employment is that I can take 3% of my pay and buy company stock, which the company then matches. (This is in addition to the 401(k), not in lieu of it.) I haven't touched it in a few years, and now the amount in company stock is between 20 and 25 thousand dollars. Since that's a lot to have in one specific stock, and since I'm only putting 6% into my 401(k), I could definitely stand to have more socked away. I've basically been treating this company stock as almost like a savings account, just shoving money in and forgetting about it. Am I correct in understanding that I could sell $11,000 worth in January, open a Roth IRA, and make both the 2015 and 2016 $5500 contributions at the same time? Am I also correct in understanding that, since it would be post-tax, that $11,000 is still freely available to me to withdraw, even before the 5-year rule, before I'm 59 1/2, and when I'm not buying a house yet (as long as I'm just withdrawing the $11,000 deposit and not any of the gains). If that's all correct, does that even sound like a good idea? It seems like moving my moderately-sized pile of cash from a fairly volatile single equity and into something more diversified, while still maintaining access to use the money if I need it doesn't have a downside (other than suddenly realizing a few grand in capital gains... oh poor me).
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Dec 15, 2015 20:57
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BEHOLD: MY CAPE posted:Taking your Roth IRA principal is not "free" in the sense that if you loot your account you lose the tax advantaged contribution forever. If you're saving for a house don't do it in your IRA. That's true; maybe I'll just make it a 1-year IRA contribution and move a bunch into another account, like a savings account or some other sort of investment fund.
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Dec 16, 2015 00:34
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