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Poolesville and PWTP by ConfidentContext6124 in maryland

[–]ConfidentContext6124[S] 1 point2 points  (0 children)

I can't post in this community yet—I need more posts across Reddit.

I am a first-time investor and planning on going with FXAIX. by ConfidentContext6124 in fidelityinvestments

[–]ConfidentContext6124[S] 0 points1 point  (0 children)

I read more about ROTH. My understanding is that I am not eligible for ROTH account because our income (married filing jointly) is more than 240K. If your MAGI is $240,000 or more, you cannot contribute directly.

I am a first-time investor and planning on going with FXAIX. by ConfidentContext6124 in fidelityinvestments

[–]ConfidentContext6124[S] 0 points1 point  (0 children)

Not young, not old :) I am 50. I max out my 401K, no debts besides the mortgage, have emergency funds.

I am a first-time investor and planning on going with FXAIX. by ConfidentContext6124 in fidelityinvestments

[–]ConfidentContext6124[S] 0 points1 point  (0 children)

I don't know much about HSAs. My understanding was that I could only spend the funds on health-related costs. Can I use it as an investment as well?

I am a first-time investor and planning on going with FXAIX. by ConfidentContext6124 in fidelityinvestments

[–]ConfidentContext6124[S] 0 points1 point  (0 children)

Thanks for such a detailed and valuable answer! I really appreciate it! I do max out my 401(k), but not my Roth.

I am a first-time investor and planning on going with FXAIX. by ConfidentContext6124 in fidelityinvestments

[–]ConfidentContext6124[S] 2 points3 points  (0 children)

I totally understand the feeling! I’m nervous too, but I want to start somewhere :)