How do you go about setting up an IRA? Does it take a financial advisor to do so? I'm 13 years into a 401k with my company but am interested in spreading money around.
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I just created an account with Fidelity and set it up. Took about 10 minHow do you go about setting up an IRA? Does it take a financial advisor to do so? I'm 13 years into a 401k with my company but am interested in spreading money around.
John Hancock they will walk you through all you need. takes about 30 minutes to set up.How do you go about setting up an IRA? Does it take a financial advisor to do so? I'm 13 years into a 401k with my company but am interested in spreading money around.
I use an investment company. I'm sure it could be done with out one though.
I’m sure someone has said this, but I will anyway...
Max out your ROTH first and fund 401K with monies left over if any.
The question is why though? Other than the tax liability at the age of retirement, what does maxing out the Roth do that the 401k doesn't? Also, are you talking about a Roth IRA or Roth 401k?
All of your investment growth is tax free. That's at LEAST 10% extra return for 'free'.The question is why though? Other than the tax liability at the age of retirement, what does maxing out the Roth do that the 401k doesn't? Also, are you talking about a Roth IRA or Roth 401k?