I'd like advice on the following:
I have a non-retirement brokerage account as well as a Roth IRA. I am not currently contributing the maximum to the Roth, and am not contributing to the non-retirement account at all. Would it make sense to sell the amount of SWTSX needed to max out the year's Roth contribution and transfer the cash from the non-retirement account into the Roth where I would buy the same fund? I realize that it's just moving money around and not new money invested. But I wonder if having it in the Roth is better in the long term?
Thank you for any advice you can share.
I have a non-retirement brokerage account as well as a Roth IRA. I am not currently contributing the maximum to the Roth, and am not contributing to the non-retirement account at all. Would it make sense to sell the amount of SWTSX needed to max out the year's Roth contribution and transfer the cash from the non-retirement account into the Roth where I would buy the same fund? I realize that it's just moving money around and not new money invested. But I wonder if having it in the Roth is better in the long term?
Thank you for any advice you can share.
Statistics: Posted by Jtee — Thu Apr 04, 2024 12:27 pm — Replies 3 — Views 137