Hello All!
So I only started investing back in June when I first stumbled upon ERE and MMM. Now, I have a little stache building up in a 401K and Roth IRA account :) I had a couple questions to wrap up the year for my investments and I want to make sure I have the right idea.
1. We are allowed to put $5500 a year in our Roth IRA accounts right? Can I still dump money into my 2013 year past December? For example, I have heard/was told that you can contribute to your IRA account until the cut off for taxes of that year. So some time in April.
2. Do I need to reallocate any of my investments yet? Any time I asked this question people said I didn't have enough money in my accounts yet for it to make a difference. I still might have enough but I just want to double check..
401K - Charles Schwab S&P 500: Currently have $7,200 in this account.
Roth IRA - Vanguard TargetFund 2060: Currently have $4,000
By the way, some side info about me to give you a better picture.
I'm 26 years old and live in Madison, WI. I plan on using my retirement accounts when I'm a bit older. I will be financially independent in my 30s through real estate investing. So I'm kind of planning my 401K and Roth to be icing on the cake when I get older. So I won't be needing this money anytime soon.
Let me know if you need any more info on me to properly assess.
Thanks!
