I am currently working with a financial advisor and would like to separate ties with her to maximize my return and eliminate her fees. I have been an attending for 15 years and I'm FINALLY trying to learn about my finances. I guess better late than never.
I have a tIRA with commonwealth financial network that was a rollover from my previous 401K, this was set up by my FA. Has 400K in it. Seems to be a mixed portfolio with mostly large cap growth and value with smaller percentages of mid and small cap and international growth funds. Should this be gradually switched to Roth IRA or put in Vangsureuard?
I have a 403b with my current employer through Transamerica that has 60K in it. They match 8% and I have been maxing 18K per year into it. It not even 2 years old yet.
I have a Charles Schwab account that was recommended many years ago with a different financial advisor that has 30K in various stocks such as Berkshire Hathaway, Pfizer and Dell. My new FA advised me to continue with these but I am not sure that is the best advice.
Would love to start Backdoor Roth but not sure if I already have a tIRA that this can be done. I thought for tax purposes you need to have zero balance in your IRA's.
Sorry for my ignorance. I would appreciate any advice from the forum.
I have a tIRA with commonwealth financial network that was a rollover from my previous 401K, this was set up by my FA. Has 400K in it. Seems to be a mixed portfolio with mostly large cap growth and value with smaller percentages of mid and small cap and international growth funds. Should this be gradually switched to Roth IRA or put in Vangsureuard?
I have a 403b with my current employer through Transamerica that has 60K in it. They match 8% and I have been maxing 18K per year into it. It not even 2 years old yet.
I have a Charles Schwab account that was recommended many years ago with a different financial advisor that has 30K in various stocks such as Berkshire Hathaway, Pfizer and Dell. My new FA advised me to continue with these but I am not sure that is the best advice.
Would love to start Backdoor Roth but not sure if I already have a tIRA that this can be done. I thought for tax purposes you need to have zero balance in your IRA's.
Sorry for my ignorance. I would appreciate any advice from the forum.
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