No. of Recommendations: 0
Welcome Birkchick. Glad you could join us.

You seem to have a well thought out plan. Stick with it. You will probably do fine.

You don't mention, but it sounds like you plan to sell your existing mutual funds at a loss to fund your Roth contribution. That's fine, but remember that you can write off up to $3K per year in losses against current income. If you are in a low tax bracket like 15% that might be less attractive than if you are in 25% or higher bracket.

At tax time, don't forget to bank those tax savings and invest them for your future needs.

Fool on!!
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement