Hi my name is Adrian, I am 34 years old. I am new to investing so forgive me my ignorance. I just rolled over a balance from a previous employers 401k into an IRA through Fidelity. I plan on contributing $1500 a month now, possibly more in the future. Once I max out the contribution limit how do I investing the remaining balance of the money I planed on investing?
Do I open a separate individual account? Does compound interest get affected negatively when you have your total investments spread over a few accounts rather than all in one?
Yep, once your IRA is full you can invest an unlimited amount in a regular brokerage account. And nope, that doesn’t negatively impact compound growth. Two $10K accounts will grow (in total) at the identical speed as a single $20K account. 