[RothIRA] Don't invest more than 4000

I've maxed my IRA every year for 4 years since I turned 18, and I plan on having a hefty retirement savings.
 
I've known about RothIRAs since before I was 15 years old...

Unfortunately I don't have anything significant to place in one... :(
 
DealyRrunk said:
I've maxed my IRA every year for 4 years since I turned 18, and I plan on having a hefty retirement savings.
Click to expand...

How did you manage to max it when you were 18?
You must have either
A. Received money from parents
B. Worked your ass off at a shitty job to invest 90% of your income.


I'm leaning more towards A...
 
i do 401k and toss in 5% because that's what my company matches

after i clean out all my college loans i'll consider putting in more
 
On that note:
When you switch companies, be sure you don't accidentally go over your 401k contribution limit. It too, is a pain to fix.
 
ayz said:
i do 401k and toss in 5% because that's what my company matches

after i clean out all my college loans i'll consider putting in more
Click to expand...

401k to company match then do Roth IRA. You'll probably come out better than way instead of the extra in your 401k.
 
I invested 4150 this year by accident. You can only invest 4000 at age 23. I have to remove that 150 or else the govment gon get me!
 
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