So, I'm young. I am fairly inexperienced with investing, but due to advice and research I decided to invest the max for my roth ira. With that being said, it is doing well and I'm getting great returns, but it appears that I may be doing too heavy investments due to my actual income bracket. In addition, most of my friends don't even have roth iras and have been surprised with the amount I have on there, so it does seem a bit unsettling that I'm investing in an account that I cannot withdraw from or then I would be penalized w.r.t. its earnings. Will this be sustainable in the future, or should I slow down on investing the max in the next year? Also, I was reading the FAQ and it recommended to roll over employer funds to your roth ira. Is this necessary if both accounts are being invested in the same fund?
Another question I had to ask, is that I decided to finally start investing (opening up personal accounts) and have been reading up on all the terminology and what it entails. Is it acceptable to just invest in the same fund as the retirement fund for now until I do proper research or are there other suggestions? Also, is it advisable to have brokerage accounts in two financial institutions or should I stick with one? Lastly, I'm a bit unclear with the answer, but can a federal money market fund (settlement fund) be used as a savings account? It's pretty stable and that shouldn't change in the future, correct? Can I have my brokerage financial institution serve a savings where I have a majority of my savings in this settlement funds, but then keep a small portion of my savings in stocks/bonds,etc.. to see if I can obtain higher return, and then transfer these according to how risky I intend to be.
Sorry if these are basic questions. Some of the websites I'm reading aren't totally clear.
Submitted December 24, 2017 at 07:06AM by Starwhisperer http://ift.tt/2kOJKTT
