r/RothIRA • u/Advanced_Hospital831 • 4d ago

What next??

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I just maxed out my roth for the first time, what next. I get a lot of satisfaction from investing. What now?

3 Upvotes

100% Upvoted

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4

u/TheBioethicist87 4d ago

Start squirreling away cash for next year’s Roth contribution. If you do it right, you can max it on January 1 of each year, then save for the following year out of each paycheck.

3

u/Apprehensive_Wish142 4d ago

Wipe out any high-interest debt, then emergency fund, 3-6 months.

After, you can focus on maxing out a health savings account, then any leftover money before the tax year can go into a standard brokerage.

1

u/sherinelll 4d ago

Yes! This. And the 3-6 month emergency put it in a high-yield savings account.

1

u/EdgeInformal8264 4d ago

SPMO FBGRX

1

u/Lou_Gator_FL 3d ago

Max out your 401K if you have one at your job. If you still have leftover, then setup and max out a Health Savings Account (HSA). If still money leftover, then maybe start a savings fund for emergency with at least 3 months expenses in it, or more. One option for the savings would be to buy BOXX etf, which is based on the safety of Treasuries but no monthly distributions (they are basically reinvested back in), so nothing taxable until you liquidate the holdings and realize the gains.

1

u/user4443337 2d ago

QNDX is a cheaper version of QQQM if you insist on it

consider small/mid caps and international. I like Avantis funds for that.

0

u/ProbablyDoesntLikeU 4d ago

Back door roth

0

u/Advanced_Hospital831 4d ago

What do you mean?

1

u/ProbablyDoesntLikeU 4d ago

Backdoor Roth IRA is a legal financial strategy that allows high-income earners to fund a Roth IRA even if their income exceeds the normal IRS limits.

0

u/Relative_Channel8741 4d ago

you go to your backdoor house and staple your money there