Recent content by Novaxterra

All good info and great replies. Thank you for the information, this is exactly what I was looking for!

Good to know. Well it was an LLC but I let that lapse and need to re-apply. I file my taxes as a single entity Sole Proprietership/ LLC, which is the same in tax terms. As far as income, it sometimes goes up to 2K per month, but it's not something stable since It's not 100% of my focus with my...

Ohhh, Definitely didn't know that. So with no options for a 401K and a Max of 5500 across all IRA's, where do you most keep your money for retirement to make it grow? Just investments in the market?

I have noticed that the 5500.00 is minuscule compared to what I should be saving, regardless, I'll put that money away and open a Roth also. Just to clarify, I can only put away 5500.00 for the traditional and the same for the Roth? Thank you for the links to Boggleheads, I am enjoying the...

You're right and I knew that! So would you recommend just opening an IRA? Should I open a Roth also?

So I am back to the forum after posting last year and I really had to clear some debt up to even be thinking about saving and retiring. I get a tad depressed after looking at some people's numbers because I feel like i am going to be working until I'm 80!! Well, I have pushed hard and have paid...

IRA and brokerage account are both opened at Fidelity. Next, I am going to get that book and get to reading and understanding. Can you or anyone else give me some place to start, what should I get to "dip my toes in the water"?

Paying off the debt is definitely a return in itself, My goal to be debt free in 6 months. I don't see any reason why I can't be. What sites do you use to invest?

Good to know! Thank you!

Yeap, the debt is a top priority and I pay extra on everything but I feel like I am bringing enough in to invest/save to have some money work for me at the same time. And I didn't know that the 401K would potentially bring down my taxes by changing my current income, I didn't even think of it...

Ok, thank you for the info and the book reference, I'll take a look at it. I am willing to learn I just need something to break it way down for me. After reading and seeing the Roth options, I will set one up. I'll take a look into which Mutual funds would be beneficial and go from there? I...

Thank you for the response. So I have a regular 401K, Should I open a Roth IRA with my Credit Union (Navy Federal) or with Fidelity? So on every paycheck I should put money into my reguler 401k and my Roth IRA? Any more insight on which IVV and how much to Invest? (I apologize, very green in...

And that was a typo, now edited as 1,000.00. Thanks!

Hi all! First off I will start by saying that Reddit brought me here and I am learning alot just by trolling and reading different threads and posts. I will start by giving me financial details and lack there of. I do need your help in just getting started, I looked for a thread like this but...