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InvisibleJonBongGroovy
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Registered: 01/23/15
Posts: 2,873
Loc: Hawaii
Opening Roth IRA * 1
    #28558566 - 11/27/23 04:52 PM (1 month, 30 days ago)

Was looking to use some of my life savings towards an Roth IRA. Question is does it matter how much I open it with?  I was gonna drop 20k into it. I didn't seem to find the answer to my question on the Charles Schwab website. I'm 38 and haven't done anything besides a savings.


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InvisibleJonBongGroovy
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Posts: 2,873
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Re: Opening Roth IRA [Re: geokills]
    #28558710 - 11/27/23 06:35 PM (1 month, 30 days ago)

I saw the yearly deposit maximum, I'm unable to open a 401k.


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Edited by JonBongGroovy (11/27/23 06:36 PM)


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InvisibleJonBongGroovy
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Re: Opening Roth IRA [Re: badchad]
    #28610013 - 01/04/24 10:58 PM (23 days, 12 hours ago)

I definitely fit the income requirements I only make about 25k the contribution limit is about 4k. I'm gonna get my brother to help me set it up.


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Edited by JonBongGroovy (01/05/24 10:48 PM)


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InvisibleJonBongGroovy
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Registered: 01/23/15
Posts: 2,873
Loc: Hawaii
Re: Opening Roth IRA [Re: JonBongGroovy]
    #28629129 - 01/20/24 08:02 PM (7 days, 14 hours ago)

Just opened it up today, my brother actually did it for me.  I put in my max contribution limit for 2023 &2024.  In a short time here I will be able to chose my investments in some ETFs and something else I can't remember....anyway I will eventually be able to set up deposit forms through my paycheck.


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Edited by JonBongGroovy (01/22/24 07:06 PM)


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InvisibleJonBongGroovy
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Registered: 01/23/15
Posts: 2,873
Loc: Hawaii
Re: Opening Roth IRA [Re: ManianFH]
    #28631409 - 01/22/24 07:09 PM (5 days, 15 hours ago)

I can't remember what it was but the total for 2 years was under 15k so it's probably close to that.


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