So I maxed out my wife's and my Roth IRAs today ($5,500 for 2017). We had just recently sold our first home together so it gave us a bit of a cushion to maximize contributions.
Who out there plans to do the same or perhaps your contribution was maxed Jan 1st 2017? Any thoughts on early vs. last minute?
Anyone still waiting to do their taxes? I had mine done a month ago or so although since we owed federal I kindly waited to pay that until today. Nothing like the one week remaining alarm to get that procrastination in check!
Next question becomes what exactly do I put those contributions in at this point in the market cycle. Good news for me is I'm 35 and it has a lot of time to do its thing (compounding gains and the such!), bad news for me is retirement is likely decades off.. but one can dream right!
I'm probably going to toss some of it in a broad tech ETF such as XLK and then maybe follow up with TDIV. I'm not super worried about the immediate market because the money will have 30 years or so to basically become more than it is today or so that's the hope!
My portfolio in general consists of Banks and Tech stocks/ETFs it's just my comfort zone. Too young to invest in bonds... although I must say I'm not sure I'll ever invest in bonds. Unless something dramatically changes and the rates somehow become worth while again!
If you're still holding off on some last minute tax deadline activities better act fast as next Tuesday April 17th 2018 is the cut off.
**full disclosure the image came from the below article I did not create it**