cheejiburga
cheejiburga OP t1_j2fvnv9 wrote
Reply to I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
If it helps at all, you can explain anything to me like I'm a newborn baby
cheejiburga OP t1_j2fv4y5 wrote
Reply to comment by AdditionalAttorney in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
I have another... lol.
Can you invest and have interest without the fear of potentially losing that money? Or do I just still not understand how investing works lmao
cheejiburga OP t1_j2fut4a wrote
Reply to comment by MarcableFluke in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
Ohhh okay. So I guess it's dependent on the person, but would IRA's technically be best for retirement if you dont have a 401k?
cheejiburga OP t1_j2ftm4q wrote
Reply to comment by cheejiburga in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
omg i dont know how reddit works im sorry
cheejiburga OP t1_j2ftlad wrote
cheejiburga OP t1_j2ft8dz wrote
Reply to comment by magnolia888 in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
And the money from the previous year will roll over into the next?
Also I'm assuming if I start investing in an IRA I would have to include that in my taxes right?
cheejiburga OP t1_j2ft1f0 wrote
Reply to comment by AdditionalAttorney in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
I think I misread some stuff. I think I mean like, whatever is taxable. I read in the link up above that if I don't have access to a 401k to use a taxable account. Aren't IRA's considered taxable? Sorry if I'm making this more confusing..
cheejiburga OP t1_j2fqvsc wrote
Reply to comment by MarcableFluke in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
Can I use any type of taxable account? Or is there a difference?
cheejiburga OP t1_j2fqia7 wrote
Reply to comment by magnolia888 in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
So for example, if I contribute $6k in my IRA in 2023, in 2024 I can add more money?
cheejiburga OP t1_j2fpaa2 wrote
Reply to comment by AdditionalAttorney in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
I have one so far, lol. If the limit or IRA'S is $6,000, then how do you place more? By having more IRA accounts? And if so, can you combine them?
cheejiburga OP t1_j2fnhqu wrote
Reply to comment by MarcableFluke in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
Thank you lots!
cheejiburga OP t1_j2fwqzy wrote
Reply to comment by MarcableFluke in I want to start saving and investing, but I have no idea what I'm doing and reading all this information is giving me whip-lash by cheejiburga
Thank you lots! I don't think I'm eligible for a solo 401k, but I'll see!