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IRA ASAP!!! - Printable Version +- MacResource (https://forums.macresource.com) +-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1) +--- Forum: Tips and Deals (https://forums.macresource.com/forumdisplay.php?fid=3) +--- Thread: IRA ASAP!!! (/showthread.php?tid=214599) |
IRA ASAP!!! - space-time - 03-14-2018 I found out that wife needs to open an IRA and put in $5500 to lower the tax bill ![]() Questions: do we chose Schwab, or go with Vanguard which also handles the 401(k) accounts? Most likely we won't be making frequent trades, we will probably buy a mutual fund such as Vanguard and leave it there for 10-15-20 years. Thanks Re: IRA ASAP!!! - clay - 03-14-2018 vanguard if you like their options. Re: IRA ASAP!!! - Ombligo - 03-14-2018 Vanguard Mutual Fund. Re: IRA ASAP!!! - mattkime - 03-14-2018 Go with Vanguard. Pick a target date fund if you don't want to think about where your money is. >I cannot do that since I already have a 401(k). Meaning you don't have the funds? You can certainly put money into both. Re: IRA ASAP!!! - Acer - 03-14-2018 FYI, in the future you can still make individual IRA contributions even if you have an employer's 401(k). I opened up a Vanguard for an individual IRA in addition to my employer's 401k provider (not Vanguard), but really only out of curiosity, a chance to compare and a little bit of not-all-eggs-in-one-basket superstition. Re: IRA ASAP!!! - TLB - 03-14-2018 I have a Vanguard Target IRA fund and like its performance. Re: IRA ASAP!!! - pdq - 03-14-2018 Totally unscientific and unsupported, but I think Vanguard generally has pretty good funds. You can probably (maybe) buy them at Schwab too, but if you already have the 401(k) at Vanguard, that's what I'd do. Re: IRA ASAP!!! - space-time - 03-14-2018 Acer wrote: I know, but with both of us working now, we hit the limit. Yes, I can make IRA contributions, but it will not be tax deductible. So I might as well put it in a normal stock account, at least I could withdraw whenever I wanted. Am I missing something? Re: IRA ASAP!!! - pdq - 03-14-2018 space-time wrote: I know, but with both of us working now, we hit the limit. Yes, I can make IRA contributions, but it will not be tax deductible. So I might as well put it in a normal stock account, at least I could withdraw whenever I wanted. Am I missing something? The only thing that you might be missing there (and I may be wrong - not an accountant) is that that money in an IRA would earn dividends and such tax free. Re: IRA ASAP!!! - pRICE cUBE - 03-14-2018 . |