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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
Does anyone put money into CDs anymore?
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I would roll to Roth because you can invest that in anything, rather than whatever arbitrary funds (and fees!) are in your new employer’s plan. The rollover doesn’t affect annual contribution.
But if you roll over to roth you’ll have to pay taxes, so make sure you can cover that
The other obvious option would be to roll to a traditional IRA. No tax due.
And no - rollovers to an IRA (whether traditional or Roth) do not count toward annual contribution limit.
the limit is 6k this year, indexed for inflation so they occasionally adjust upward.
If you roll over to traditional and want to do a backdoor Roth later it’ll complicate things due to pro rata. I’m actually in the same boat now and need to figure out how I want to handle things.