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Topic	Invest in stocks, or try to get a condo?
Bartzyx 03/29/21 2:30:22 PM #33:	If you do not intend to use the money before retirement age, then always use a tax-advantaged account. You can only put in $6000 into an IRA, but you could dump 19.5k into your employer-provided account. There are penalties associated with early withdrawal from a traditional IRA, and your 403b might not allow early withdrawals at all. You will want to check the plan document to make sure. A Roth IRA is after-tax so has the most flexibilityyou can take out your contributions at any time if you need to. As far as lump investing vs cost averaging, it all depends on your risk tolerance. Cost averaging is much safer, but on average your returns will be lower than if you just invest all your money immediately. --- At least your mother tipped well <cite>Bartzyx posted [p:952245980] in Invest in ... [t:79375157]...</cite> <quote>If you do not intend to use the money before retirement age, then always use a tax-advantaged account. You can only put in $6000 into an IRA, but you could dump 19.5k into your employer-provided account. There are penalties associated with early withdrawal from a traditional IRA, and your 403b might not allow early withdrawals at all. You will want to check the plan document to make sure. A Roth IRA is after-tax so has the most flexibilityyou can take out your contributions at any time if you need to. As far as lump investing vs cost averaging, it all depends on your risk tolerance. Cost averaging is much safer, but on average your returns will be lower than if you just invest all your money immediately. --- At least your mother tipped well</quote> ... Copied to Clipboard!
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