Hello! I'm in my early 30s and am finally financially stable enough to start socking away some cash in a Roth IRA (my employer does not offer any retirement plans). However, I'm a little worried that, with the market being at such a high, that something will happen due to all the current BS going on with Congress and the market will crash again, and I will lose a good chunk of money. Is this fear totally unfounded? Should I just start my Roth and hope for the best?
posted by emily37
on Apr 2, 2013 -
20 answers
Not sure what happened, but I have a Simple Roth IRA through Fidelity that I overpaid accidentally. I'm in my 40s, so as I understand it, can put in up to $5,000 per year. Last year, I overpaid my maximum by something like $300. I didn't worry too much about it. Starting to do my taxes this year, I looked at my Fidelity statement and it looks like this year I overpaid by $1300. What are my options? How does this affect my taxes, if at all?
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posted by HeyAllie
on Feb 6, 2013 -
8 answers
I have a chunk of money just sitting in an account that doesn't even earn interest. I'd like to park it into an IRA, but would like to avoid spending many hours researching them. I'd love to just pick a place, transfer the money over, and be done with it. What bank/financial institution currently offers the lowest fees for the best results? Do you have one that you adore, and offers a good deal?
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posted by chowflap
on Jan 28, 2013 -
18 answers
I am a new graduate student and was hoping to put some money into a Roth IRA to start saving for retirement, but just read that contributions must be made from earned income and now I'm not sure if that is the best plan for my circumstances.
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posted by anonymous
on Dec 26, 2012 -
7 answers
Can I convert my regular brokerage account into a (non-Roth) IRA and claim the tax benefit?
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posted by jefficator
on Dec 16, 2011 -
4 answers
I'm looking for recommendations on where to open a new Roth IRA. Looking for something with low fees and index funds. I could put in a chunk of cash if need be, but it would be great to find one with no minimum if I commit to a certain amount per month. Who have you all been happy with when it comes to customer service and ease-of-use?
posted by emily37
on Jul 5, 2011 -
14 answers
What is a reason that a Roth IRA is be better to put money into if I'm not maxing out my 401k?
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posted by elif
on Jun 30, 2011 -
23 answers
Tax Filter: Do I have to report earnings from a K-1 tax form if the profits were made in my Roth IRA account?
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posted by shortyJBot
on Mar 11, 2011 -
4 answers
I'd like to cash out a Roth IRA and make those funds available to my parents. But because early withdrawal is a No Good Terrible Bad Idea, I can't find much specific advice on the subject. I don't have a financial planner right now. You are not my financial planner, but perhaps you can help me check my work in figuring out the ramifications?
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posted by desuetude
on Nov 30, 2010 -
13 answers
My tax preparer reported I contributed more to my Roth IRA than I actually did. Does this matter?
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posted by beyond_pink
on Apr 12, 2010 -
10 answers
What are some environmentally and socially concious mutual funds that I should be switching my $2k roth IRA to?
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posted by anonymous
on Apr 13, 2009 -
6 answers
Financial advice-filter. I'm a college student with no debt and negligible living expenses. Where should I be putting my income?
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posted by anonymous
on Oct 27, 2008 -
8 answers
Will opening a Solo 401(k) before year's end reduce my modified adjusted gross income (MAGI)? I'm a 28-year-old freelance worker with a sole proprietorship, and I'd like to be able to fully fund my Roth IRA for 2008
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posted by anonymous
on Jun 26, 2008 -
1 answer
I have a Simple IRA from a previous employer. Should I roll it into my 401(k), convert it to a Roth IRA, or do something else entirely?
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posted by junkbox
on Nov 13, 2007 -
8 answers
I'm planning to diversify my retirement account in the next 5-7 years. I need some advice on the best way to do this.
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posted by ThePinkSuperhero
on Jan 15, 2007 -
9 answers
Total beginner to investing and finance, researching how to start investing maybe $2K each year, mostly in socially responsible mutual funds -- and how a young, healthy person should balance retirement investment with other kinds of investments.
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posted by anonymous
on Oct 27, 2006 -
10 answers
Is ING Direct a good place to have a Roth IRA? Other suggestions for easy, cheap plans? Can I do this without hiring a professional to advise me?
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posted by Amy Phillips
on Aug 22, 2006 -
15 answers
Should I open my Roth IRA now and buy what I can afford, or wait until I can afford the minimum investment in the fund I really like?
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posted by electric_counterpoint
on May 12, 2006 -
9 answers
InvestmentFilter: So I'm permanent
now at work, and have to pick a 401k option. I don't think i'll be there for many years, and cashed out the last time I had one. (But then again, i'm older now, and 70 is only 31 years away).What do you guys suggest for a 1-3 year timeframe, 401k-wise, given the fluctuating market?
(If I need to, I have absolutely no qualms about cashing out again, and have never had much faith in the market at all, in general.) [more inside]
posted by amberglow
on Jan 29, 2004 -
23 answers
