7
votes
8answers
740 views

Roth vs Traditional Investing assuming same tax bracket in retirement

I've done a little (simplified) math to determine the difference in investing in a Roth account and a Traditional retirement account. I'm assuming that I will be in the same tax bracket in retirement ...
1
vote
3answers
85 views

Roth vs Traditional IRA Question

With a traditional IRA, you are taxed on the complete balance of your account when you cash out after retirement correct? This would mean you are taxed on contributions + interest earned. With a ...
4
votes
2answers
108 views

Missed open enrollment 401k date, do not want to wait until next year

I missed the open enrollment date for this year to enroll in to 401k, I do not want to wait until next year. What are my options at this point? Should I open an IRA account? If yes, Which one ...
4
votes
3answers
129 views

Maxed out Roth IRA already & don't have access to a 401k. Any alternatives with tax benefits?

I have no employer retirement plan ( 401(k), 403(b) ) and so I have contributed to a Roth IRA. Are there any other retirement options for me that have some tax benefits? I am a graduate student (not ...
7
votes
1answer
56 views

How is money in a Roth IRA classified as either “earnings” or “contribution” (basis)?

I have heard that if you withdraw money from your Roth early, there is no penalty or tax as long as it is a "contribution". However "earnings" cannot be withdrawn early without paying tax and 10% ...
7
votes
2answers
213 views

Why is there an income restriction on contributing to a Roth IRA?

Currently, single adults making more than $112,000 ($178,00 for couples) per year cannot use Roth IRAs I was just wondering what the reasoning behind the income restriction was for the Roth IRA ...
7
votes
1answer
246 views

Tax-advantaged retirement savings options for someone with no 401(k) and high income

I have read that Traditional IRA and Roth IRA benefits appear to phase out beyond certain income limits. Assuming the following: I don't have access to any 401k plans through my employer My income ...
3
votes
2answers
122 views

How many IRAs can I open/add-to/purchase in a given year for my family?

I want to plan for my children's futures - and while I believe I understand from articles at Fool.com, Smartmoney, and Forbes, is that I cannot purchase an IRA, as such, for them: it needs to be done ...
3
votes
1answer
142 views

Expected total principal + gains from a vanguard life cycle account upon retirement after 33 years?

If one maxes out his Roth IRA starting from age 26, investing only into a vanguard target 2045 (lifecycle) fund, what amount can he expect to withdraw at retirement at age 59? I did a quick check ...
6
votes
2answers
172 views

When is a SEP IRA appropriate, can a Roth IRA suffice for self-employed individuals?

I am a self-employed individual working in the software industry; my current salary is commensurate to the market value of a software developer with 5 years of experience. I have not yet opened up a ...
3
votes
1answer
80 views

Roth or Traditional IRA if getting a dramatic increase in income this year?

So I just learned that it's not too late to fund an IRA for 2012. With a week left and never having done this before, I now get to decide which type I want to open. Based on my (really vague) ...
4
votes
2answers
170 views

How do I estimate the future level of my Roth IRA?

Short version: If I know a) how much is in my Roth IRA currently, b) that I plan to maximize my annual contributions, c) the average growth rate is 8%, and d) I'm 22 and plan to invest in my IRA until ...
8
votes
2answers
2k views

Can I open a Roth IRA with more than one company at a time?

This may be a really silly question, but I was looking at my TD Ameritrade account online, and it says front and center that my maximum 2013 contribution is $5500. I'm assuming the limit is imposed ...
7
votes
5answers
230 views

Advice on low-risk long-term strategy for extra cash?

Basics no debt; no dependents; early thirties 401K is maxed (5% company match) ESPP is maxed out 10% Roth IRA is maxed out salary is about 115K 100K cash in a checking account Question I am ...
3
votes
1answer
190 views

What are some good next steps for the HENRY?

HENRY (High Earning Not Rich Yet) I'm 37, single, and only in the last two years have I really gotten serious about saving. Current 401k balance is $28,000 I'll probably make about $125,000 Gross ...
6
votes
3answers
1k views

How feasible would it be to retire just maxing out a Roth IRA?

How feasible would it be to retire on just maxed out Roth IRA contributions each year? Obviously this depends very much on how old you are when you start, and your living expenses when you retire. ...
6
votes
1answer
189 views

What is the maximum amount that can be held in a traditional or Roth IRA?

What is the maximum amount of money that one can have saved in an IRA? I'm not referring to contributions, but the total amount before withdrawing any money.
4
votes
3answers
154 views

Minimum investment per year to make Roth IRA worth it?

So I've decided to start a Roth IRA but talking to a few colleagues of mine they said that there's a few fees and stuff that comes with it such that if you don't put in quite a bit of money each year ...
5
votes
4answers
290 views

Advice on where to put money once I've hit the income limits on Roth IRA?

For the past few years I have been contributing to my company-sponsored 401k just enough to get all of their match, and contributing up-to-the-limit in a Roth IRA. I've now reached the income limits ...
10
votes
4answers
899 views

Reached the AGI for Roth IRA - now what?

For the past seven years, I've been contributing to my Roth IRA the max yearly amount. However, this year, my AGI will be above the maximum allowed amount. Couple questions... 1) Am I able to ...
4
votes
4answers
333 views

How do I determine how much money to put into pre-tax and post-tax retirement accounts?

Is there a good rule of thumb for determining how much money to put into each type of account? I'm not at a point where I can max both my 401k, my ROTH IRA, and my wife's ROTH IRA, so I'd like to know ...
9
votes
6answers
899 views

Should I try to max contribute to my Roth IRA asap?

Assuming that I can afford it: should I try to max contribute ($5k) to my Roth IRA as soon as possible in the tax year or break up the contributions evenly throughout the year?
5
votes
2answers
87 views

Is there a site that compares IRAs by different companies?

I'm planning on opening a Roth IRA in the very near immediate future (by this year's end, if not sooner). Is there a place I can go to see the different pros/cons of IRAs offered by different ...
12
votes
2answers
488 views

Can you have a Roth IRA and a traditional IRA? What about two separate IRA accounts of the same type?

I'm interested in starting a new brokerage account somewhere. I would like to "test the waters" before transferring my entire IRA to them. Is there any law against having a completely separate IRA ...
12
votes
3answers
486 views

Should I “hedge” my IRA portfolio with a life cycle / target date mutual fund?

I'm fully contributing to my Roth IRA every year into a brokerage account that is 100% in mutual funds. I've done basic mutual fund research and picked about 5 different funds that match what would ...
9
votes
3answers
367 views

Can I withdraw from my Roth IRA retirement account to fund a startup?

I'm 24 years old and have $10k in my retirement accounts (Roth IRA) after about a year with a real job. I'm considering withdrawing the entire balance to support myself for a few months while I ...
19
votes
1answer
492 views

What are the differences between a “traditional” IRA and a Roth IRA?

I hear that a traditional IRA offers a tax deduction whereas a Roth IRA doesn't, but there's got to be more to it than that: What makes a Roth IRA any good, if it doesn't provide a tax deduction? ...