I recently came to know about backdoor and mega backdoor roth strategies so I’m trying to maximize the funds in the Roth IRA account. My employer uses Fidelity so I thought it would be better to create the Roth IRA account there.
I’m in mid-20’s and looking forward to invest into index funds from there onwards.
Any recommendations on which funds I should be investing in v/s the proportion? Likely the funds with less expense ratio, transaction fees, etc. Reinvestment on dividend would also be fantastic!
I’ve been hearing good things about FSKAX but unsure which other stocks to pair it with and what proportion I should be investing it.
I do plan to keep the investment long-term but if your strategy requires me to change asset allocation yearly, please add it in your answer.
I have no debts, and having enough savings to last 3-6 months if that helps.
Submitted August 12, 2024 at 01:57AM by more_muscle_aim https://ift.tt/CavL2EI
