The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Emergo on January 24, 2016, 12:41:30 PM
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...IRA for last year and this year. And put all of it in VTSMX. Will transfer to VTSAX when I get it to $10,000.
I feel like I lost my virginity.
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Well. Like many people when they lose their virginity, you may have some regrets: Unless you're near retirement, the max contribution for a Roth in 2015 is $5,500...
If you call up Vanguard, I'm sure you can get it cleared up without much issue. Good work getting started though!
IRS Explanation: https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Limits
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Well. Like many people who lose their virginity, you may have some regrets:
Unless you're near retirement, the max contribution for a Roth in 2015 is $5,500...
Yes, I put in 5,500 for 2015. And 3,000 for this year.
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...IRA for last year and this year. And put all of it in VTSMX. Will transfer to VTSAX when I get it to $10,000.
I feel like I lost my virginity.
WOOT!
It will be an exciting feeling when you hit the $10K :-).
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Well. Like many people who lose their virginity, you may have some regrets:
Unless you're near retirement, the max contribution for a Roth in 2015 is $5,500...
Yes, I put in 5,500 for 2015. And 3,000 for this year.
Whew! Makes sense now :)
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...IRA for last year and this year. And put all of it in VTSMX. Will transfer to VTSAX when I get it to $10,000.
I feel like I lost my virginity.
Unlike when I lost my virginity, I hope there's some multiplication happening w/ your contributions!
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Congrats! Good decision :)
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Nice.
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Getting it in!!!! =)