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Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
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Mine is with fidelity. Works fine, no complaints.
Firms don’t offer IRAs. They sometimes offer Roth 401k options.
Vanguard is your best bet
Tax treatment
- Roth: pay taxes up front, growth and withdrawals are tax free
- Traditional: defer funds pre-tax, grows tax free, withdrawals of principal and growth are taxed
Sponsor and limits
- 401k: administered by a company, $19k / year personal contribution limit, $56k when combined with employer contribution
- IRA: individual plan, limits vary based on income and availability of 401k
Mix and match from section 1 and 2, 4 options total (eg Roth 401k or Trad IRA).
For most people, the right order is:
1. Contribute enough 401k to get the full corporate match (often 6% to get 1.5%)
2. Max out Roth options as long as you’re till in the 25% tax bracket. If Roth 401k available, do that. It not, so Roth IRA
3. Max out Traditional 401k. Can skip step 2 and do this if you’re already in the 33%+ bracket.
Lots of articles. All open for debate.
I have Vanguard for the IRA