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Roth IRA opened in Fidelity


Paamu

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51 minutes ago, Original Profile said:

Does it apply for existing accounts too? Although I don’t have one as of now. I’m not qualified due to our income limits. What is the option?

ROTH has income limits. Backdoor ROTH doesn't have any income limits as of now. 

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12 minutes ago, meandhrakurradu said:

Bill pass aina 2031 nunchi kadha apply ayyedi? Appati varaku backdoor can be done

Nope. Bill pass ayite no backdoor ROTH from 2022. 

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6 hours ago, Vaampire said:

@Swatkat bro i will defer this topic to @Spartan

 

Nenu 401k ki max contribute chesthunna. And using bloooom to maintain it. Thats all anthey

What’s your rate of return bro on 401k using blooom. I think it has some risk modes like moderate/ aggressive etc.,

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22 hours ago, Paamu said:

$6000 funded to my account. Suggestions kaavali on investing. Fidelity index fund lo pettali ani anukunna but there are so many.... artham avvadam le. elaa start cheyyalo throw some light.

Already @Spartan answered but inko stone throwing..... What is your age ..... And when you are planning to retire..... Based on that fedility has freedom dated funds like freedom 2050 , freedom 2055 so on .... If you are planning to retire at 2050 , choose freedom 2050 and invest in it .... They will take care of risk/rewards based on your age......

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On 1/16/2022 at 9:24 AM, sri_india said:

Already @Spartan answered but inko stone throwing..... What is your age ..... And when you are planning to retire..... Based on that fedility has freedom dated funds like freedom 2050 , freedom 2055 so on .... If you are planning to retire at 2050 , choose freedom 2050 and invest in it .... They will take care of risk/rewards based on your age......

Age 34. I will check them.  Thanks bro.

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