Someone else may correct me if I'm wrong, but the $6k limit is YOUR contribution. Bonuses don't count, so you can contribute the entire $6k and take advantage of the $100 from Fidelity. So you can contribute the additional $5950 and then convert in 2023 when the funds are available. You want to make sure your balance in any traditional IRA is $0, as you will still be able to contribute $6k for 2023.

The mistake you made is thinking dividends behave like interest. They don’t. Dividends aren’t free money. A $100 stock that pays a $4 dividend is immediately worth $96, so you still only have $100.

Get a part time job at least to ease back into the workforce.

If Fidelity treats the $100 bonus as an IRA contribution after your initial $50 contribution, you can contribute $5850 more for 2022. Earnings inside the account don't matter for how much you can contribute. The amount of contribution they'll put on the Form 5498 is what ultimately matters. Unfortunately, Fidelity has been very inconsistent on whether to treat the bonus as contribution or earning.

edit: Looks like Bogleheads users confirmed that the account sign-up bonus is not considered an IRA contribution (shows up as "commission credit"), so you can contribute $5950 more for 2022. However, it will be considered pretax earning since it entered your traditional IRA.

You’re losing money by investing in acorns, unless it’s into something like an IRA. You should/need to be maxing your 401k/403b match first if you have one, then probably a Roth IRA

>The cash drag (assuming no fractional etf shares) will more than make up the ER difference until there is a sizeable sum invested

Remembering some quick math I had done months ago, it was hundreds of thousands.

However, I think I have heard of Vanguard doing a rollout of fractional Vanguard only ETFs for at least some users.

Other factors can still be more significant than the 1 basis point difference.

> The maturity date of the pension is 67 years old.

So I'm not sure what exactly the consequences are of "reaching maturity", but I'm guessing it means that if you take money out now, you lose out on having much more money later on. This might be a reason why the pension provider advises against it.

Another reason could be for people who have a high income now (because they're still working) and who will have a lower income later. If you take a distribution in a high earning year, you'll probably pay way more taxes on the distribution than if you had waited until a low income year.

Third, you may need this money much much more when you're in your 70s than you do now.

Finally, it could of course be that the fact that it is also in their own best interest to advise you to keep your money safe with them plays a small role.

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VNQ is already fully included within VTI: https://www.etfrc.com/funds/overlap.php

As /u/DeluxeXL mentioned, going outside the US is going to be diversification. Anything stock based within the US is already covered by VTI (or far too small and difficult to trade to be worth bothering with).

You may find these links helpful:

• "How to handle $"
• Investing

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I’m on my 15th card of 2022 and I’ve gotten back around $20k in value from sign up bonuses. R/churning is definitely valuable to many who do it

I'll most likely end up getting rid of my VOO shares due to that information. They were bought very early on in my first year of investing. 2022 was the get in the door year for me. Thank you for opinion and help!

SWPPX on Schwab

Every year that the backdoor method is required, you must contribute to the traditional IRA and then convert to Roth IRA. You can keep and reuse the same traditional IRA and Roth IRA year after year.

Typically, you want to go by a 40x rule.

You would want to be around $112,000 a year for this price point (2800x40). You don’t want to get into something that will set you back but it’s a lifestyle move and entirely up to you.

Best of luck!

I favor ETFs like VTI over mutual funds. ETFs allow me to transfer between brokerages seemlessly if I need to without a fee. Don't invest in both VTI and VOO. Choose one or the other. They both have many overlapping companies and virtually have the same return. VTI already covers the SP500 companies in VOO.

Yeah Im still new which is why I haven't done anymore with that VOO. Looking to branch out in 2023! VNQ looks appealing in the real estate side but who knows.

That's a nice low interest rate, so I would not pay those student loans down quicker than necessary.

I would put in enough in your workplace's 401k to get the maximum match if despite the move you plan to continue to work for this company. If not, then I would not raise your investments until you've moved and settled.

I would then also start saving in ernst for your move in the fall. Moves generally cost money, you don't have a lot in savings just yet, so go go go.

There are other factors that can outweigh 1 basis point of ER difference. A single bad ETF trade can negate years worth of that advantage.

The cash drag (assuming no fractional etf shares) will more than make up the ER difference until there is a sizeable sum invested. Tbh this low of a difference doesn't matter and fund availability and behavioral factors almost certainly are more important.

>I do have 4 Shares of VOO as well but that doesn't really have much of a plan right now. VTI is my primary fund in my ROTH IRA account.

VOO is the opposite of diversification if you hold VTI/VTSAX: roughly 80% of the weight of VTI is the entirety of VOO, so it concentrates you.

From what I’m hearing you truly enjoy and need your flexibility at this stage of life. Yes, your husband says your income may increase funding another job but with you working at the job day in and day out and being mom it’s sounds like you truly know what’s best. Your childcare cost are only going to go down as each child begins school. Although, it will delays your wants it will allow you to be secure and comfortable until you gain room in your budget to contribute to other things. Don’t move just be patient.

Of course not. You are not a good risk for a lender. Your partner needs a job, any job, now. It may not be the one she wants but you need money. Best of luck to you guys. I was there once and it sucks.

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Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution. Once you have ended your debt your options will open up immediately to save and invest more aggressively.