Hi I already have a ROTH IRA. It has some money in it already <$100. Should I start a new Roth IRA this year from scratch or use the one I already have?
Current employer’s 401k plan has limited investment options so rolling over existing IRA (with funds from previous employer) to current employer’s 401k to avoid prorata rule is not attractive. Any other options to rollover IRA and avoid prorata taxes?
If you are self employed, a solo 401k could be an option. I’d also confirm that your current 401k doesn’t have something like brokerage link (meta’s plan offers this), which allows you to invest outside the core available options.
Hi I already have a ROTH IRA. It has some money in it already <$100. Should I start a new Roth IRA this year from scratch or use the one I already have?
You can use the one you have. No need to open a new one.
Current employer’s 401k plan has limited investment options so rolling over existing IRA (with funds from previous employer) to current employer’s 401k to avoid prorata rule is not attractive. Any other options to rollover IRA and avoid prorata taxes?
If you are self employed, a solo 401k could be an option. I’d also confirm that your current 401k doesn’t have something like brokerage link (meta’s plan offers this), which allows you to invest outside the core available options.
Thank you Andre.
Can you recommend good ETFs to pick in brokerage link for 401k?