Author Topic: I finally did it. Set up an account at Vanguard and contributed $8,500 to Roth  (Read 3808 times)

Emergo

  • Stubble
  • **
  • Posts: 189
...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

  • Bristles
  • ***
  • Posts: 355
    • Growing The Green
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

  • Stubble
  • **
  • Posts: 189
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

  • Walrus Stache
  • *******
  • Posts: 7148
...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

  • Bristles
  • ***
  • Posts: 355
    • 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

  • Bristles
  • ***
  • Posts: 478
...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

  • 5 O'Clock Shadow
  • *
  • Posts: 41
Congrats! Good decision :)

boarder42

  • Walrus Stache
  • *******
  • Posts: 9332
Nice.

2Birds1Stone

  • Walrus Stache
  • *******
  • Posts: 7958
  • Age: 1
  • Location: Earth
  • K Thnx Bye
Getting it in!!!! =)