☕️ What's your best strategy to max your ROTH IRA?
I’m trying to max mine out this year, but it’s going to be close. A lot of financial stuff has come up this year, including welcoming our first child, so putting away the full $7,500 hasn’t been as easy as I originally thought. For those who consistently max theirs out, what’s your strategy? Do you: • Automate a set amount every paycheck • Front-load it early in the year • Invest extra money/bonuses into it • Save more toward the end of the year if you’re behind Would love to hear what actually works for everyone. $VOO$VTI$VFV$XEQT
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7 Comments
tommy @fritzyy · 3d
DCA monthly for me. FYI, you might already be aware but you get until the federal tax filing deadline to max out this years contribution. Last year, that was April 15th so you still have plenty of time!
Noah Keener - Content Pro@noahkeener · 8d
Also look into setting up the 529 investing account for your new child! 💯
Noah Keener - Content Pro@noahkeener · 8d
I front load every year and then save up $7,500 in savings throughout the year to be ready for the next year. Congrats on the newborn 🙏🏾 $VOO$QQQM$VXUS$VTI
Keith McCarthy@aqueous120 · 8d
I would first analyze what is important to you, and if there is anything you can cut from the budget to help with the Roth contributions
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