Q&A
Asked by an anonymous user
Answered by Phillip Christenson
CFA in Plymouth, MN
CFA in Plymouth, MN
You can have both but you can only contribute
a maximum of $5,500 (2015) in total to all of
your IRAs. This means you could do $2,000 to a
Traditional and $3,500 to yo...
Q&A
Asked by Warren
Answered by Walter Ramos
Insurance Agent in san jose, CA
Insurance Agent in san jose, CA
You have made the right decision on funding a
Roth. however, consider contributing to an
emergency fund in a Mutual Fund or Money
Market account. Further, procure to b...
Q&A
Asked by an anonymous user
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Upvote 12
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Answered by Christopher Nesbitt
Insurance Agent in San Clemente, CA
Insurance Agent in San Clemente, CA
Yes, I highly recommend you "take the money
and run". And yes, you can put it in an IRA.
But note that an IRA is just a framework for
investments, not a description f...
Q&A
Asked by yancy
Hi Yancy! It pays to take a look at what your
employer plan offers. On the plus side, the
money comes out of your paycheck
automatically, so it's super easy. You can
c...
Q&A
Asked by Jenna
Hi Jenna. You're looking towards the future
and ready to move forward - that's great! I
also know it's not easy.
Before diving
right in, it would be good to reflec...
Q&A
Asked by an anonymous user
A good way to think this through is to look at
how much you're earning (or it's costing) in
each case. For example, the mortgage is only
4.5% interest whereas your cre...
Q&A
Asked by an anonymous user
Here is my opinion -- gold is a terrible
investment. It has no intrinsic return. Yes
in an extreme market crisis, it can do well
for a short while. Create a boring,...
Q&A
Asked by an anonymous user
Answered by Tony Villa
Financial Adviser in Livingston, NJ
Financial Adviser in Livingston, NJ
Why would you do that? Your current allocation
is quite conservative & you can't predict when
the markets may improve (gain in value) again.
How long are you hoping th...
Q&A
Asked by Michael
Answered by Linda A. Stortz
CPA, EA in Largo, FL
CPA, EA in Largo, FL
You must be asking if you can "make" an IRA
contribution, rather than "take" an IRA
contribution. No, either one of you must have
earned compensation from wages, salar...
Q&A
Asked by Heather
Answered by Michael Keeler
CFP®, CLTC in Las Vegas, NV
CFP®, CLTC in Las Vegas, NV
The best way to start saving is to have some
different accounts for different time
horizons. For example, a savings account with
3-6 months worth of living expenses is...
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