ambition187
Dryer sheet wannabe
- Joined
- Jan 1, 2007
- Messages
- 17
I've gathered the basic strategy in theory:
-Max out 401k
-Max out Roth IRA
-Max out IRA
-Put other savings into taxable account
However, what is the actual implementation?
My guess:
401k= mutual funds through employer
Roth, IRA, and taxable through online broker
My plan is to get the Roth, IRA, and taxable accounts into a variety of ETFs, primarily index-tracking ones. Are there any restrictions on Roth IRA or IRA allocations?
For an online broker, I am currently w/ Tradeking. I had a stint trading options before a painful loss. I will be more conservative in the future and just go for ETFs etc .
Thanks,
Amb
-Max out 401k
-Max out Roth IRA
-Max out IRA
-Put other savings into taxable account
However, what is the actual implementation?
My guess:
401k= mutual funds through employer
Roth, IRA, and taxable through online broker
My plan is to get the Roth, IRA, and taxable accounts into a variety of ETFs, primarily index-tracking ones. Are there any restrictions on Roth IRA or IRA allocations?
For an online broker, I am currently w/ Tradeking. I had a stint trading options before a painful loss. I will be more conservative in the future and just go for ETFs etc .
Thanks,
Amb