Tagged: roth ira

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Roth IRA Conversions & Purchase of BAC

I usually try to max out my Roth IRA as early as possible each year in order to maximize the effects of compounding. Due to the high cost of living in Chicago this year, I was unable to contribute $5,500 until recently. However, rather than contribute directly into a Roth,...

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Latest Roth IRA Purchase: EMR

For my dividend growth investing portfolio I try to buy stocks that have wide moats and that I feel will be around for years to come. I recently read an article on Seeking Alpha discussing Emerson Electric and feel that it fits the bill. Today I purchased 44 shares of...

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Scott’s Goals for 2015

Well, with about a week gone already of 2015, I thought it would be a great time to finally set some goals for the remainder of the year. As much as I’d love to write a short post about some recent trades I just made, I thought it best to...

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(Legally) add more than $5,500 to your Roth IRA each year

I add $6735 in cash to my Roth IRA each year. Those of you over 50 may already be “catching up” by adding $6500 a year. However, I am only 31. How am I able to add more than the IRS-mandated $5500 a year and keep it all tax free?...

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2014 Mid-Year Review

Wow! I can’t believe that 6 months have already passed. The time sure does fly. In this post I want to look back at my 2014 Goals and gauge how I’m doing so far. Goals for 2014: 1) Max Roth IRA ($5,500) as soon as possible Passed. While I didn’t...

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Early retirees should still use a Roth IRA

Dividend Mantra (DM) is an investing blog that I read regularly. It’s a terrific resource and should definitely be added to your blog reader. Back in August 2013, DM wrote an post entitled, “Why I Hold 100% Of My Equity Investments In A Taxable Account,” that discusses the idea of...

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Additional Purchases for Roth IRA: TGT and KMI

Today I maxed out the annual contribution limit for my Roth IRA. I typically like to max out the Roth IRA as soon as possible (usually by February), but I decided to wait until later this year so that I would have more cash available for options trading. I divided...

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Why the Roth IRA is right for me

I recently read an article on Financial Samurai entitled, “Disadvantages Of The ROTH IRA: Not All Is What It Seems.” It really got me thinking because I currently invest in a Roth IRA and have recommended that others invest in them as well. Is a Roth IRA really the correct...

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Scott’s Goals for 2014

2013 was a blockbuster year. Largely thanks to a loose Fed policy and low interest rates, stocks were again the best place to put your money. While I can’t expect such substantial gains (up over 30% in 2013), I will continue to invest 100% in stocks for the foreseeable future....

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Roth IRA & Schwab ETFs

Since I finally starting working and now have a salary, I thought it was a good time to start contributing to my retirement account. I set up a Roth IRA at Schwab, where I also have my checking, savings, brokerage, and credit card. I do have some medical school debt...