Roth IRAs, do I actually have to manually invest this? I just opened one with TD Ameritrade and discovered that I have the option and now I’m wondering if my money is not invested if I don’t do it manually. Same question for my company 401k

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Roth IRA contributions will sit in a money market fund until you manually invest them. 401k funds you select your portfolio when you start with the firm and then upon each paycheck a that breakdown is contributed to that portfolio.

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Roth IRA - yes you have to manually select and invest. It basically work like a brokerage account, but with no wash sales, taxes, no margin, and limited options trading. 401k - depends on your company. Most will default to a target date funds based on your birth year. You should check your investment elections yourself however. Some of those target date funds have high fees and low returns (too conservative).

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Company 401k will most likely put you in a target fund based on your age. Most companies provide like 25-40 options though. Your Roth IRA, you will need to choose where that money is invested. Just dump it all in a total stock market index fund (vtsax, FKSAX) unless you’re abt to retire.

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Not sure about TD, but I know with Fidelity you can set up automatic investments in your Roth IRA. Every month/quarter, Fidelity will withdraw $$ from your specified bank account, and then invest $$ in the mutual fund(s)* of your choice. * This option only works with mutual funds, not individual stocks/ETFs.

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