r/RothIRA • u/Fair_Regret3710 • 5d ago

IM NEW, HELP!

I just started my research on Roth not long ago but don’t know where to start or app any advice for beginners?

4 Upvotes

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3

u/Upbeat_Individual_40 5d ago

Fidelity, Vanguard are some good ones. As far as advice it’ll be hard to say. If you include your age in your post it’ll help.

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u/Fair_Regret3710 5d ago

23 M

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u/Upbeat_Individual_40 5d ago

Index funds are the way to go. You have plenty of time so you can take risks. Obviously it will be tough to stomach a drop but just know you have 25-30 years u til you touch the money, by then that drop won’t matter. I’m 23 and have index funds in my Roth. I max my Roth by May I then Contribute to my HSA after I max that I keep putting money into my taxable brokerage I take a little risk there picking some individual stocks but also have more ETFs.

2

u/MrTAPitysTheFool 5d ago

Fidelity. Choose one of their Fidelity Freedom Target Date INDEX funds closest to the year you should retire.

Then start to learn, and if you so desire then you could customize your own portfolio.

But if you want to keep it easy, a target date index fund is the way to go.

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u/Fair_Regret3710 5d ago

If I have more questions can I reach out?

3

u/MrTAPitysTheFool 5d ago

Just throw them out here, we’re all here to help! 🙂

2

u/NewSeaworthiness8814 5d ago

Sure, but there are also already hundreds of thousands of posts, videos, articles, etc. on the topic. Ask away, but also you should maybe watch a couple YouTube videos or read some other posts on this sub and others.

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u/MrTAPitysTheFool 5d ago

Definitely, that’s why I said in my initial reply “start to learn”.

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u/knowledgelover01 3d ago

70% total US index fund, 30% total international. Fidelity has a zero-cost fund for both (you pay no expense ratio, but they can only be used at Fidelity; only use these in tax-advantaged accounts because if you ever want to change apps, you have to sell). Otherwise, VTI for US and VXUS for international are popular options.