New To Investing Thread

[Mrs. Gooch]

That doesn't make sense. HOPE IT WORKS!


Gonna win 'em all!

Yeah, haven't you ever heard of the Distributive property?

[Fedor]

That doesn't make sense. HOPE IT WORKS!


Gonna win 'em all!

[meow meow]

I'm not contributing anything to my IRA, which is why I wanted to roll it into my current 401k.  That's a bad move?

[ben ji]

I'm not contributing anything to my IRA, which is why I wanted to roll it into my current 401k.  That's a bad move?

Who is your IRA with? In most cases you have better(more funds/lower fee's/ability to buy individual stocks/etc) investment selections in your IRA than with your 401k.

For example my 401k is with mass mutual, they have like 15/20 different funds I can select. My IRA is with Fidelity and they have like a bajillion different funds I can select.

[ben ji]

I would just keep the IRA and every time you switch jobs just roll your 401k into the IRA.

[Mrs. Gooch]

I'm not contributing anything to my IRA, which is why I wanted to roll it into my current 401k.  That's a bad move?

Assuming they are earning at the same rate, it wouldn't matter which one(s) you are contributing to unless you are running up against contribution limits....but like ben ji said, the IRA generally has more investment options.

That's assuming you are going to be contributing the same total amount no matter how you are distributing it, and that you are already investing enough in the 401K to get any employer match.

[sys]

meow meow, the 401k guy is going to charge you an asset-based fee to have that money in the 401k.  you can choose many ways to hold your ira where you will not pay a fee.  you will be paying this fee for no reason and it will diminish your returns.

[meow meow]

meow meow, the 401k guy is going to charge you an asset-based fee to have that money in the 401k.  you can choose many ways to hold your ira where you will not pay a fee.  you will be paying this fee for no reason and it will diminish your returns.

well it hasn't been done yet, so i'll talk with him.

[RockState2000]

What's this whole Acorns deal? Anyone use it? Should I?

Is there a thread already for this...

[lopakman]

just put all you money in weed stocks 

[sys]

meow meow, the 401k guy is going to charge you an asset-based fee to have that money in the 401k.  you can choose many ways to hold your ira where you will not pay a fee.  you will be paying this fee for no reason and it will diminish your returns.

well it hasn't been done yet, so i'll talk with him.

the fee you're going to want to ask about is called the plan administration fee.  that's the one you can avoid by keeping your money in the ira. 

you can also complain to him if you don't have a decent numbert of low fee investment options in the plan, but if you do have some and you're not choosing them, that's your own fault, not the 401k guy's fault.

[raquetcat]

What's this whole Acorns deal? Anyone use it? Should I?

Is there a thread already for this...

Seems like a decent way to automate the investing of small amounts of money, but the fees are pretty high. I wouldn't use it as a primary source of investing, but if it helps you save a little more than you would otherwise, I would say go for it

[sys]

What's this whole Acorns deal? Anyone use it? Should I?

Is there a thread already for this...

Seems like a decent way to automate the investing of small amounts of money, but the fees are pretty high. I wouldn't use it as a primary source of investing, but if it helps you save a little more than you would otherwise, I would say go for it

yeah.  i just heard of it in this thread and looked it up.  like raquet said, the fees are pretty outrageous.  but if you're incapable of setting aside money to invest on your own, it's probably better than nothing.

[puniraptor]

any millenials here on betterment or wealthfront? i think im going to roll some orphaned old 401ks into a roth using one of these millenial tools.

[ben ji]

any millenials here on betterment or wealthfront? i think im going to roll some orphaned old 401ks into a roth using one of these millenial tools.

Do you have money set aside to pay the taxes?

[puniraptor]

Is it going to be a ton? I can make it happen, but is it smart to do so? Maybe not Roth it?

[ben ji]

Is it going to be a ton? I can make it happen, but is it smart to do so? Maybe not Roth it?

401k/Ira's = Pay no taxes now, pay taxes when you withdraw. Roth 401k/Roth Ira = Pay Taxes now, withdraw tax free after 59.5 (But you can withdraw the principal at any time). Not sure on the exact details but my understanding is that if you want to roll a 401k into a roth IRA your taxable income jumps up alot...Only way it might make sense is if you plan on being unemployed that fiscal year.

Knowing nothing of your financial situation I would recommend rolling it into a regular IRA. No fee's, no additional taxes, better fund selection etc etc etc.

If you want the advantages of a Roth IRA just open one up and start contributing.

I have a Roth IRA(That I contribute to) and a regular IRA(old 401k I do not contribute to) with fidelity.

Next time I change jobs I will just roll my 401k into the regular IRA I already have, rinse repeat.

[cas4ksu]

Excuse me for not reading through the 40+, but are there any stock pickers ITT or all index and mutual fund/ETF type folks?

[wetwillie]

Picking individual stocks is maybe the most idiotic thing you can do

[The Big Train]

is now the best time to buy crap tons of apple stock?

[sys]

Excuse me for not reading through the 40+, but are there any stock pickers ITT or all index and mutual fund/ETF type folks?

i pick stocks.

[puniraptor]

Just got my Robinhood invite!

[slobber]

Excuse me for not reading through the 40+, but are there any stock pickers ITT or all index and mutual fund/ETF type folks?

i pick stocks.

Somewhere back in the first five pages I mushed the crap out of somebody on some stocks that I own. I don't have time to pick stocks right now.

I'd also like to get in the currency game, as I think that is interesting.

[The Big Train]

bitcoin is really hot right now slobber

[cas4ksu]

Excuse me for not reading through the 40+, but are there any stock pickers ITT or all index and mutual fund/ETF type folks?

i pick stocks.

Me too. I think the market is turning into more of a stock picker's (or actively managed fund) market.