Couple of dumb questions, but thought I’d ask in hopes that I can get back on course. 24M with the following assets: ~$30k HYSA, ~$6,600 Fidelity Roth 401k from old employer, ~$14k Vanguard (60% traditional 401k, 4% Roth 401k), $13.5k M1 Taxable acct (ETFs). I make ~$100k annually (salary+bonus). I’m contributing the max to my 401k as of this year. Questions below:

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Initially, I read that as 24 million not 24 male. 😆

likefunny

Sorry for the confusion! Meant to put 24 year old male lol

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Now my questions:
1.) should I open a Roth IRA? If so, do I open it through fidelity / vanguard outside of my employer?
2.) any preferred over the other for where to open Roth IRA?
3.) Should I sell some of my ETFs from M1 and DCA into Roth IRA to the annual max ($6k)?
4.) I’d like to purchase my 2nd home in the next 9-12 months...should I continue to leave a chunk of money in ETFs or move them into my HYSA?

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I would go with a fidelity Roth IRA their offering is more robust than vaguard. Also make sure you do not exceed the income limits to contribute to a Roth IRA (for single filer AGI <$124,000 can make a full contribution) Otherwise there is no issue with rolling money from 401k to Roth IRA. Your current active 401k will typically not have a rollover option but your old plan with vanguard will allow to roll the money to your newly established IRA(s). Keep in mind any pre-tax money you roll to a Roth IRA will be taxable. So you will have to decide if willing to pay taxes or move pre-tax to a Rollover IRA and avoid any taxes till withdrawn in future. The rollover will not count towards your annual contribution limit of $6k for 2020 if under 50.

This is great but dont forget to get out there and have some fun as well.

See my responses above.

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