Author Topic: I finally did it. Set up an account at Vanguard and contributed $8,500 to Roth  (Read 3813 times)

Emergo

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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.

GrowingTheGreen

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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
« Last Edit: January 24, 2016, 01:44:37 PM by GrowingTheGreen »

Emergo

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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.

La Bibliotecaria Feroz

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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 :-).

GrowingTheGreen

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    • Growing The Green
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 :)

cbr shadow

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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!


phimag512

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Congrats! Good decision :)

boarder42

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Nice.

2Birds1Stone

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Getting it in!!!! =)