tIRA and stocks before end of year?

[doneby35]

Does anyone have any reservations on opening a tIRA account at the end of the year? Do stocks usually go down with the end of a year and start of a new year? Should I wait until next year to contribute $5500 or should I just start now?

[Spork]

Presumably, you're not going to be pulling this out for a long time.  (I don't know your situation... so I could be wrong there.)  "Right now" is almost always the answer.  You'll get an AGI reduction for this year.  Then you can contribute again after the year end if you want.  ;)

[doneby35]

Makes sense. I kind of had a feeling that "right now" is almost always the answer, just wanted to get a confirmation on whether I should just go for it or wait until next year to start. Thanks.

[doneby35]

Was just opening one with Vanguard online and i got hit with this question:

Dividends and capital gains: 1. Re-invest
                                         2. Transfer to your money market settlement fund

What will the right choice be? not exactly sure on which one I need to choose, I'm guessing "re-invest" for a 30 year old who's trying to invest as much as possible to retire early right?

[DavidAnnArbor]

I'm guessing "re-invest" for a 30 year old who's trying to invest as much as possible to retire early right?

Yes absolutely.