Current Events > We're 1 month into 2025. Have you contributed to your Roth IRA yet? >_>

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NeonPhoenix 02/03/25 10:40:36 AM #1:	I just put my $7000 for this year >_> If you make under ~$150k, you can put in $7000 this year and you have until April 15th, 2025 to put in last year's contribution limit too (which is also $7000). It's best to put it all in at once at the start of the year so the whole thing can start earning money from the get-go, but obviously just put in what you can financially handle and if you gotta go month by month, that's fine too, as long as you're putting something into retirement. It's a good retirement investment. The earlier you put the money in the better: the best time put in the money is at the start of the year, but the 2nd best time is now! If you aren't sure what to invest in, either a balanced index fund or a targeted retirement fund is probably your best bet. --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983913005] in We're 1 mo... [t:80929112]...</cite> <quote>I just put my $7000 for this year >_> If you make under ~$150k, you can put in $7000 this year and you have until April 15th, 2025 to put in last year's contribution limit too (which is also $7000). It's best to put it all in at once at the start of the year so the whole thing can start earning money from the get-go, but obviously just put in what you can financially handle and if you gotta go month by month, that's fine too, as long as you're putting something into retirement. It's a good retirement investment. The earlier you put the money in the better: the best time put in the money is at the start of the year, but the 2nd best time is now! If you aren't sure what to invest in, either a balanced index fund or a targeted retirement fund is probably your best bet.</quote> ... Copied to Clipboard!
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Spidey5 02/03/25 10:45:33 AM #4:	As someone who knows nothing about investing and only has a 401k, who do you have your Roth IRA with? --- http://card.psnprofiles.com/1/Strangeone2007.png https://i.imgur.com/wfUGrp5.gif <cite>Spidey5 posted [p:983913069] in We're 1 mo... [t:80929112]...</cite> <quote>As someone who knows nothing about investing and only has a 401k, who do you have your Roth IRA with?</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 10:46:17 AM #5:	Spidey5 posted... As someone who knows nothing about investing and only has a 401k, who do you have your Roth IRA with? A bunch of brokerage firms have them. Vanguard, Nationwide, Fidelity. Just pick a reputable one and go for it. I got one with Vanguard. --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983913074] in We're 1 mo... [t:80929112]...</cite> <quote>Spidey5 posted... </cite><quote>As someone who knows nothing about investing and only has a 401k, who do you have your Roth IRA with?</quote>A bunch of brokerage firms have them. Vanguard, Nationwide, Fidelity. Just pick a reputable one and go for it. I got one with Vanguard.</quote> ... Copied to Clipboard!
Ivynn 02/03/25 10:48:42 AM #6:	I only have a 401k and I've never invested in anything. Am I screwed --- http://i.imgur.com/vDci4hD.gif <cite>Ivynn posted [p:983913104] in We're 1 mo... [t:80929112]...</cite> <quote>I only have a 401k and I've never invested in anything. Am I screwed</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 10:50:12 AM #7:	Ivynn posted... I only have a 401k and I've never invested in anything. Am I screwed You should always have more than 1 investment. Not just 401k, not just Roth IRA. --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983913126] in We're 1 mo... [t:80929112]...</cite> <quote>Ivynn posted... </cite><quote>I only have a 401k and I've never invested in anything. Am I screwed</quote>You should always have more than 1 investment. Not just 401k, not just Roth IRA.</quote> ... Copied to Clipboard!
Spidey5 02/03/25 10:50:33 AM #8:	NeonPhoenix posted... A bunch of brokerage firms have them. Vanguard, Nationwide, Fidelity. Just pick a reputable one and go for it. I got one with Vanguard. Gotcha thanks. I had a lot of housing related expenses the past 2 months so I might wait a bit for things to settle down. --- http://card.psnprofiles.com/1/Strangeone2007.png https://i.imgur.com/wfUGrp5.gif <cite>Spidey5 posted [p:983913129] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>A bunch of brokerage firms have them. Vanguard, Nationwide, Fidelity. Just pick a reputable one and go for it. I got one with Vanguard.</quote>Gotcha thanks. I had a lot of housing related expenses the past 2 months so I might wait a bit for things to settle down.</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 10:51:23 AM #9:	Spidey5 posted... Gotcha thanks. I had a lot of housing related expenses the past 2 months so I might wait a bit for things to settle down. Sure, dont bankrupt yourself investing in retirement lol. Always put in money you dont need at the moment. If you can only put in like $400 a month, then just do that. As long as you're putting in something into retirement. --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983913138] in We're 1 mo... [t:80929112]...</cite> <quote>Spidey5 posted... </cite><quote>Gotcha thanks. I had a lot of housing related expenses the past 2 months so I might wait a bit for things to settle down.</quote>Sure, dont bankrupt yourself investing in retirement lol. Always put in money you dont need at the moment. If you can only put in like $400 a month, then just do that. As long as you're putting in something into retirement.</quote> ... Copied to Clipboard!
rexcrk 02/03/25 10:59:25 AM #10:	Havent been contributing to it since I want to get my car paid off by the end of next year instead of several years from now. But I do contribute to a company-matched 401k. --- I don't even have a pla- <cite>rexcrk posted [p:983913236] in We're 1 mo... [t:80929112]...</cite> <quote>Havent been contributing to it since I want to get my car paid off by the end of next year instead of several years from now. But I do contribute to a company-matched 401k. </quote> ... Copied to Clipboard!
Board_hunter567 02/03/25 11:10:21 AM #11:	Planning to put in $7k by the end of the month, I'm going to sell some VOO in my brokerage once they convert to long-term (and then immediately buy more VOO in the ROTH). --- http://i.imgur.com/szMsu.png Validate your purchases and discredit the purchases of others whenever possible. Numbers objectively define quality and enjoyment. <cite>Board_hunter567 posted [p:983913362] in We're 1 mo... [t:80929112]...</cite> <quote>Planning to put in $7k by the end of the month, I'm going to sell some VOO in my brokerage once they convert to long-term (and then immediately buy more VOO in the ROTH).</quote> ... Copied to Clipboard!
Will_VIIII 02/03/25 11:11:28 AM #12:	I just do 15% of my income into my workplace's 401k and Roth --- Advice from a dryer: Open the door to amazement. Don't shrink from your true calling. Accept life's wrinkles. Avoid overload. Reach into mystery! <cite>Will_VIIII posted [p:983913373] in We're 1 mo... [t:80929112]...</cite> <quote>I just do 15% of my income into my workplace's 401k and Roth </quote> ... Copied to Clipboard!
tripleh213 02/03/25 11:45:53 AM #13:	Already have it maxed --- Bucks World Champions 2021 PS4 looks great <cite>tripleh213 posted [p:983913795] in We're 1 mo... [t:80929112]...</cite> <quote>Already have it maxed </quote> ... Copied to Clipboard!
Cuticrusader09 02/03/25 11:47:52 AM #14:	Still dont. Husband invests pretty aggressively and many of those options arent available under a Roth (yes he has checked). <cite>Cuticrusader09 posted [p:983913818] in We're 1 mo... [t:80929112]...</cite> <quote>Still dont. Husband invests pretty aggressively and many of those options arent available under a Roth (yes he has checked). </quote> ... Copied to Clipboard!
Prismsblade 02/03/25 11:54:59 AM #15:	No, I dont earn enough after all my expanses to contribute much towards a IRA sadly. Well I could technically but Id rather use that money for travel and fun frankly. I still have my 401k, and HSA though. But it wont be enough for a worthwhile retirement unless my home and mortgage are paid off by then. --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer <cite>Prismsblade posted [p:983913904] in We're 1 mo... [t:80929112]...</cite> <quote>No, I dont earn enough after all my expanses to contribute much towards a IRA sadly. Well I could technically but Id rather use that money for travel and fun frankly.I still have my 401k, and HSA though. But it wont be enough for a worthwhile retirement unless my home and mortgage are paid off by then.</quote> ... Copied to Clipboard!
solosnake 02/03/25 12:12:53 PM #16:	you actually trust the system not to lose money with all the trump insanity going on right now? --- "We would have no NBA possibly if they got rid of all the flopping." ~ Dwyane Wade <cite>solosnake posted [p:983914122] in We're 1 mo... [t:80929112]...</cite> <quote>you actually trust the system not to lose money with all the trump insanity going on right now?</quote> ... Copied to Clipboard!
Son_Of_Spam 02/03/25 12:18:49 PM #17:	solosnake posted... you actually trust the system not to lose money with all the trump insanity going on right now? I was originally panicking and planning to put my money somewhere safer, but now I figure even if he fucks up the economy he'll just break out the money printer again to make his pretty stock numbers go up like he did in 2020. --- 21 years on Gamefaqs, and I still don't have a signature. <cite>Son_Of_Spam posted [p:983914195] in We're 1 mo... [t:80929112]...</cite> <quote>solosnake posted... </cite><quote>you actually trust the system not to lose money with all the trump insanity going on right now?</quote>I was originally panicking and planning to put my money somewhere safer, but now I figure even if he fucks up the economy he'll just break out the money printer again to make his pretty stock numbers go up like he did in 2020.</quote> ... Copied to Clipboard!
Will_VIIII 02/03/25 12:25:12 PM #18:	solosnake posted... you actually trust the system not to lose money with all the trump insanity going on right now? If that happens the fallout on a national level would be far worse than retirement accounts for millions of people becoming zero --- Advice from a dryer: Open the door to amazement. Don't shrink from your true calling. Accept life's wrinkles. Avoid overload. Reach into mystery! <cite>Will_VIIII posted [p:983914279] in We're 1 mo... [t:80929112]...</cite> <quote>solosnake posted... </cite><quote>you actually trust the system not to lose money with all the trump insanity going on right now?</quote>If that happens the fallout on a national level would be far worse than retirement accounts for millions of people becoming zero</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 12:26:48 PM #19:	solosnake posted... you actually trust the system not to lose money with all the trump insanity going on right now? Eh, the market will always sort itself out in time. Dont believe the doomposts so much man --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983914297] in We're 1 mo... [t:80929112]...</cite> <quote>solosnake posted... </cite><quote>you actually trust the system not to lose money with all the trump insanity going on right now?</quote>Eh, the market will always sort itself out in time. Dont believe the doomposts so much man</quote> ... Copied to Clipboard!
AlCalavicci 02/03/25 12:33:29 PM #20:	NeonPhoenix posted... Eh, the market will always sort itself out in time. Dont believe the doomposts so much man It is hard to have this perspective, which seems to assume all of the systems that have been in place for decades will still be in place at our retirement, when we know that the Trump administration is actively working to dismantle so many of our systems. At this point it would not surprise me if they pass a bill that says the government gets 50% of your retirement vehicle. --- Sent from my AI Chatbot <cite>AlCalavicci posted [p:983914352] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>Eh, the market will always sort itself out in time. Dont believe the doomposts so much man</quote>It is hard to have this perspective, which seems to assume all of the systems that have been in place for decades will still be in place at our retirement, when we know that the Trump administration is actively working to dismantle so many of our systems.At this point it would not surprise me if they pass a bill that says the government gets 50% of your retirement vehicle.</quote> ... Copied to Clipboard!
Arcanine2009 02/03/25 12:38:15 PM #21:	ok this is interesting.. --- Less is more. Everything you want, isn't everything you need. <cite>Arcanine2009 posted [p:983914391] in We're 1 mo... [t:80929112]...</cite> <quote>ok this is interesting..</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 12:38:22 PM #22:	He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983914392] in We're 1 mo... [t:80929112]...</cite> <quote>He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy</quote> ... Copied to Clipboard!
AlCalavicci 02/03/25 12:41:32 PM #23:	NeonPhoenix posted... He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy ..how do you expect them to vote him out? --- Sent from my AI Chatbot <cite>AlCalavicci posted [p:983914420] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy</quote>..how do you expect them to vote him out?</quote> ... Copied to Clipboard!
Will_VIIII 02/03/25 12:41:43 PM #24:	Like let's be clear that if retirement accounts all get drained we're practically in a food and bullets economy at that point. --- Advice from a dryer: Open the door to amazement. Don't shrink from your true calling. Accept life's wrinkles. Avoid overload. Reach into mystery! <cite>Will_VIIII posted [p:983914423] in We're 1 mo... [t:80929112]...</cite> <quote>Like let's be clear that if retirement accounts all get drained we're practically in a food and bullets economy at that point.</quote> ... Copied to Clipboard!
Murphiroth 02/03/25 12:42:20 PM #25:	NeonPhoenix posted... He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy Hahahahaha <cite>Murphiroth posted [p:983914428] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy</quote>Hahahahaha</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 1:03:22 PM #26:	AlCalavicci posted... ..how do you expect them to vote him out? Oh right, 2nd term. Well it would look bad for his party then for the next election --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983914681] in We're 1 mo... [t:80929112]...</cite> <quote>AlCalavicci posted... </cite><quote>..how do you expect them to vote him out?</quote>Oh right, 2nd term. Well it would look bad for his party then for the next election</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 1:04:23 PM #27:	Will_VIIII posted... Like let's be clear that if retirement accounts all get drained we're practically in a food and bullets economy at that point. This >_> There's probably way worse things happening in the world if everyone's retirement market gets depleted --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983914694] in We're 1 mo... [t:80929112]...</cite> <quote>Will_VIIII posted... </cite><quote>Like let's be clear that if retirement accounts all get drained we're practically in a food and bullets economy at that point.</quote>This >_> There's probably way worse things happening in the world if everyone's retirement market gets depleted</quote> ... Copied to Clipboard!
Board_hunter567 02/03/25 1:28:48 PM #28:	solosnake posted... you actually trust the system not to lose money with all the trump insanity going on right now? You could put money in something safe, like treasury bonds. It would have to be really really really bad for those not to pay out, like the US government has no money and the US dollar is completely worthless bad. --- http://i.imgur.com/szMsu.png Validate your purchases and discredit the purchases of others whenever possible. Numbers objectively define quality and enjoyment. <cite>Board_hunter567 posted [p:983914930] in We're 1 mo... [t:80929112]...</cite> <quote>solosnake posted... </cite><quote>you actually trust the system not to lose money with all the trump insanity going on right now?</quote>You could put money in something safe, like treasury bonds. It would have to be really really really bad for those not to pay out, like the US government has no money and the US dollar is completely worthless bad.</quote> ... Copied to Clipboard!
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littlebro07 02/03/25 2:39:55 PM #30:	As I said in the last IRA topic....I don't have any extra money to set aside each month for retirement. --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:983915677] in We're 1 mo... [t:80929112]...</cite> <quote>As I said in the last IRA topic....I don't have any extra money to set aside each month for retirement.</quote> ... Copied to Clipboard!
Board_hunter567 02/03/25 3:01:37 PM #31:	ScazarMeltex posted... You are aware that Musk is in the process of setting us up for a default right? Then we'll have a lot more to worry about than retirement accounts. --- http://i.imgur.com/szMsu.png Validate your purchases and discredit the purchases of others whenever possible. Numbers objectively define quality and enjoyment. <cite>Board_hunter567 posted [p:983915907] in We're 1 mo... [t:80929112]...</cite> <quote>ScazarMeltex posted... </cite><quote>You are aware that Musk is in the process of setting us up for a default right?</quote>Then we'll have a lot more to worry about than retirement accounts.</quote> ... Copied to Clipboard!
ROBBAN 02/03/25 3:03:59 PM #32:	i don't really know what an IRA is, but i'm sure Musk is in the process of stealing all its resources right now --- Kremlin delenda est <cite>ROBBAN posted [p:983915942] in We're 1 mo... [t:80929112]...</cite> <quote>i don't really know what an IRA is, but i'm sure Musk is in the process of stealing all its resources right now</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 4:38:54 PM #33:	Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_> --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983916935] in We're 1 mo... [t:80929112]...</cite> <quote>Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_></quote> ... Copied to Clipboard!
AlCalavicci 02/03/25 6:20:07 PM #34:	NeonPhoenix posted... Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_> I've actually been keeping away from CE more lately to try not get sucked into the doomerism, but also because the constant influx of news is really depressing. But if you've been paying any attention to the news lately, it sure doesn't feel like doomerism. There are people in our government actively trying to dismantle all of the systems and agencies in place that have run this country. They are taking away rights. At this point it doesn't feel like doomerism to say that nothing is off the table with how low they would potentially go. That said - I appreciate your Roth IRA topics. I do want to continue with mine, and I want to frontload the funds, but I am just having a hard time feeling confident that we will even reach retirement age with MAGA GOP dismantling every system, and how little hope there is for the planet over the next few decades. --- Sent from my AI Chatbot <cite>AlCalavicci posted [p:983918046] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_></quote>I've actually been keeping away from CE more lately to try not get sucked into the doomerism, but also because the constant influx of news is really depressing.But if you've been paying any attention to the news lately, it sure doesn't feel like doomerism. There are people in our government actively trying to dismantle all of the systems and agencies in place that have run this country. They are taking away rights. At this point it doesn't feel like doomerism to say that nothing is off the table with how low they would potentially go.That said - I appreciate your Roth IRA topics. I do want to continue with mine, and I want to frontload the funds, but I am just having a hard time feeling confident that we will even reach retirement age with MAGA GOP dismantling every system, and how little hope there is for the planet over the next few decades.</quote> ... Copied to Clipboard!
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HighSeraph 02/03/25 6:25:06 PM #36:	NeonPhoenix posted... Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_> Or maybe you should stop burying your head in the sand. --- She/Her Crimsoness' Alt Dynamite with a laser beam <cite>HighSeraph posted [p:983918103] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_></quote>Or maybe you should stop burying your head in the sand.</quote> ... Copied to Clipboard!
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Will_VIIII 02/03/25 6:33:15 PM #38:	AlCalavicci posted... I am just having a hard time feeling confident that we will even reach retirement age with MAGA GOP dismantling every system, and how little hope there is for the planet over the next few decades. While that's a possibility it's still going to be better than not to have the retirement account(s). Because again, if the retirement accounts are disappearing across the population there are far more immediate concerns to be dealing with. --- Advice from a dryer: Open the door to amazement. Don't shrink from your true calling. Accept life's wrinkles. Avoid overload. Reach into mystery! <cite>Will_VIIII posted [p:983918190] in We're 1 mo... [t:80929112]...</cite> <quote>AlCalavicci posted... </cite><quote>I am just having a hard time feeling confident that we will even reach retirement age with MAGA GOP dismantling every system, and how little hope there is for the planet over the next few decades.</quote>While that's a possibility it's still going to be better than not to have the retirement account(s).Because again, if the retirement accounts are disappearing across the population there are far more immediate concerns to be dealing with.</quote> ... Copied to Clipboard!
blazer4lyfe 02/03/25 6:46:37 PM #39:	I have a meeting with a specialist at my bank to start one. Any advice you be greatly appreciated!! --- Fry-Nothing is impossible, you would know that if you took after the professor like me Clone-Your his uncle he takes after you (05-29-2009 Victim of NSC) <cite>blazer4lyfe posted [p:983918343] in We're 1 mo... [t:80929112]...</cite> <quote>I have a meeting with a specialist at my bank to start one. Any advice you be greatly appreciated!!</quote> ... Copied to Clipboard!
Kuuko 02/03/25 6:53:17 PM #40:	blazer4lyfe posted... I have a meeting with a specialist at my bank to start one. Any advice you be greatly appreciated!! I would not recommend opening one at a bank. A lot of the time they'll just throw you in some shitty bonds. And if you're lucky and they do invest it in equities then they'll likely be high-fee funds with or without a management expense on top. If possible, you should open up an account on your own with one of the big names. Most commonly recommended are Vanguard, Fidelity, or Schwab. If it's between them then it doesn't really matter. They all have zero management fees, etc. and they all offer very low expense-ratio funds. Just pick one. Look up what the corresponding Vanguard / Fidelity / Schwab total stock market fund is. Purchase that. Then forget about it. --- https://i.imgur.com/dzGMd.png <cite>Kuuko posted [p:983918389] in We're 1 mo... [t:80929112]...</cite> <quote>blazer4lyfe posted... </cite><quote>I have a meeting with a specialist at my bank to start one. Any advice you be greatly appreciated!!</quote>I would not recommend opening one at a bank. A lot of the time they'll just throw you in some shitty bonds. And if you're lucky and they do invest it in equities then they'll likely be high-fee funds with or without a management expense on top.If possible, you should open up an account on your own with one of the big names. Most commonly recommended are Vanguard, Fidelity, or Schwab. If it's between them then it doesn't really matter. They all have zero management fees, etc. and they all offer very low expense-ratio funds. Just pick one. Look up what the corresponding Vanguard / Fidelity / Schwab total stock market fund is. Purchase that. Then forget about it.</quote> ... Copied to Clipboard!
DoesntMatter 02/03/25 6:56:21 PM #41:	NeonPhoenix posted... He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy lmfao once a fascist regimes takes control of a country, they don't just let themselves get voted out. that's not how things have ever happened. --- R.I.P. America, 1776-2024 he/him <cite>DoesntMatter posted [p:983918414] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>He'd be voted out pretty quickly if he did that shit. He still has to make his voter base happy</quote>lmfaoonce a fascist regimes takes control of a country, they don't just let themselves get voted out. that's not how things have ever happened.</quote> ... Copied to Clipboard!
NightRender 02/03/25 7:01:39 PM #42:	Kuuko posted... I would not recommend opening one at a bank. A lot of the time they'll just throw you in some shitty bonds. And if you're lucky and they do invest it in equities then they'll likely be high-fee funds with or without a management expense on top. If possible, you should open up an account on your own with one of the big names. Most commonly recommended are Vanguard, Fidelity, or Schwab. If it's between them then it doesn't really matter. They all have zero management fees, etc. and they all offer very low expense-ratio funds. Just pick one. Look up what the corresponding Vanguard / Fidelity / Schwab total stock market fund is. Purchase that. Then forget about it. My Roth IRA is at Schwab (formerly TD Ameritrade), but I'm invested in Vanguard retirement funds. Is this "worse" than just having an account directly with Vanguard? Like am I paying extra fees for having Schwab sit in the middle there? --- Dedicated to D - 4/15/05 <cite>NightRender posted [p:983918473] in We're 1 mo... [t:80929112]...</cite> <quote>Kuuko posted... </cite><quote>I would not recommend opening one at a bank. A lot of the time they'll just throw you in some shitty bonds. And if you're lucky and they do invest it in equities then they'll likely be high-fee funds with or without a management expense on top.If possible, you should open up an account on your own with one of the big names. Most commonly recommended are Vanguard, Fidelity, or Schwab. If it's between them then it doesn't really matter. They all have zero management fees, etc. and they all offer very low expense-ratio funds. Just pick one. Look up what the corresponding Vanguard / Fidelity / Schwab total stock market fund is. Purchase that. Then forget about it.</quote>My Roth IRA is at Schwab (formerly TD Ameritrade), but I'm invested in Vanguard retirement funds. Is this "worse" than just having an account directly with Vanguard? Like am I paying extra fees for having Schwab sit in the middle there?</quote> ... Copied to Clipboard!
Kuuko 02/03/25 7:07:56 PM #43:	NightRender posted... My Roth IRA is at Schwab (formerly TD Ameritrade), but I'm invested in Vanguard retirement funds. Is this "worse" than just having an account directly with Vanguard? Like am I paying extra fees for having Schwab sit in the middle there? In that specific case it doesn't really matter. The brokerages used to give you a discount on the transaction fees if you bought their fund a handful of years ago. But now most major brokerages have no transaction fees. Vanguard and Fidelity, Fidelity in particular, do offer some funds only to their direct customers. Fidelity's famous zero-expense-ratio fees, for example. But it's still kind of negligible. It's likely that the Vanguard fund you refer to has less than <=0.10 expense ratio anyway. --- https://i.imgur.com/dzGMd.png <cite>Kuuko posted [p:983918531] in We're 1 mo... [t:80929112]...</cite> <quote>NightRender posted... </cite><quote>My Roth IRA is at Schwab (formerly TD Ameritrade), but I'm invested in Vanguard retirement funds. Is this "worse" than just having an account directly with Vanguard? Like am I paying extra fees for having Schwab sit in the middle there?</quote>In that specific case it doesn't really matter. The brokerages used to give you a discount on the transaction fees if you bought their fund a handful of years ago. But now most major brokerages have no transaction fees. Vanguard and Fidelity, Fidelity in particular, do offer some funds only to their direct customers. Fidelity's famous zero-expense-ratio fees, for example. But it's still kind of negligible. It's likely that the Vanguard fund you refer to has less than <=0.10 expense ratio anyway.</quote> ... Copied to Clipboard!
ssjevot 02/03/25 7:08:26 PM #44:	Stocks are the best thing you can have, because that's how the oligarchs are wealthy. They don't want to not be wealthy, so now you have the same interests as your rulers. Having a bunch of fiat currency stashed away is definitely not a better investment if you think things are going to get really bad economically. --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss <cite>ssjevot posted [p:983918536] in We're 1 mo... [t:80929112]...</cite> <quote>Stocks are the best thing you can have, because that's how the oligarchs are wealthy. They don't want to not be wealthy, so now you have the same interests as your rulers. Having a bunch of fiat currency stashed away is definitely not a better investment if you think things are going to get really bad economically.</quote> ... Copied to Clipboard!
2Pacavelli 02/03/25 7:10:07 PM #45:	Still catching up to the 7000 I can put for last year <cite>2Pacavelli posted [p:983918553] in We're 1 mo... [t:80929112]...</cite> <quote>Still catching up to the 7000 I can put for last year</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 8:10:04 PM #46:	HighSeraph posted... Or maybe you should stop burying your head in the sand. You either die a hero or live long enough to see yourself become the villain 2Pacavelli posted... Still catching up to the 7000 I can put for last year You got 2 more months. Just put what you can handle without bankrupting yourself obviously --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983919190] in We're 1 mo... [t:80929112]...</cite> <quote>HighSeraph posted... </cite><quote>Or maybe you should stop burying your head in the sand.</quote>You either die a hero or live long enough to see yourself become the villain2Pacavelli posted... </cite><quote>Still catching up to the 7000 I can put for last year</quote>You got 2 more months. Just put what you can handle without bankrupting yourself obviously</quote> ... Copied to Clipboard!
rexcrk 02/03/25 9:00:11 PM #47:	NeonPhoenix posted... Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_> Now wheres the fun in that? --- I don't even have a pla- <cite>rexcrk posted [p:983919981] in We're 1 mo... [t:80929112]...</cite> <quote>NeonPhoenix posted... </cite><quote>Some of you guys definitely need to take a break from the news/reddit/CE and dabble in a hobby or something for a bit >_></quote>Now wheres the fun in that? </quote> ... Copied to Clipboard!
ironman2009 02/03/25 9:01:33 PM #48:	yep, not max though --- THRILLHO <cite>ironman2009 posted [p:983920003] in We're 1 mo... [t:80929112]...</cite> <quote>yep, not max though</quote> ... Copied to Clipboard!
NeonPhoenix 02/03/25 11:03:46 PM #49:	ironman2009 posted... yep, not max though As long as it's something. Keep it up! --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:983921489] in We're 1 mo... [t:80929112]...</cite> <quote>ironman2009 posted... </cite><quote>yep, not max though</quote>As long as it's something. Keep it up!</quote> ... Copied to Clipboard!
NightRender 02/03/25 11:27:25 PM #50:	Kuuko posted... In that specific case it doesn't really matter. The brokerages used to give you a discount on the transaction fees if you bought their fund a handful of years ago. But now most major brokerages have no transaction fees. Vanguard and Fidelity, Fidelity in particular, do offer some funds only to their direct customers. Fidelity's famous zero-expense-ratio fees, for example. But it's still kind of negligible. It's likely that the Vanguard fund you refer to has less than <=0.10 expense ratio anyway. --- Dedicated to D - 4/15/05 <cite>NightRender posted [p:983921641] in We're 1 mo... [t:80929112]...</cite> <quote>Kuuko posted... </cite><quote>In that specific case it doesn't really matter. The brokerages used to give you a discount on the transaction fees if you bought their fund a handful of years ago. But now most major brokerages have no transaction fees. Vanguard and Fidelity, Fidelity in particular, do offer some funds only to their direct customers. Fidelity's famous zero-expense-ratio fees, for example. But it's still kind of negligible. It's likely that the Vanguard fund you refer to has less than <=0.10 expense ratio anyway.</quote></quote> ... Copied to Clipboard!
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Current Events > We're 1 month into 2025. Have you contributed to your Roth IRA yet? >_> (+) Yeah! (+)

Current Events > We're 1 month into 2025. Have you contributed to your Roth IRA yet? >_>