Hi Jeremy, thank you so much for everything you post. It’s really helped me a lot. For about a year I’ve been investing money into an individual investment account. I saved about $1500 in that account. I was wondering if it was a good idea to transfer that money into a Roth IRA?
Welcome @Haseeb546!
If your individual investment account is a normal/taxable brokerage account, then yes, I’d definitely move that money to a Roth IRA and invest it. Any growth inside of the Roth IRA is tax free forever, while growth and dividends inside a taxable brokerage account will be taxed! The IRS caps your contributions to an IRA at $6,000/year and that limit is “use it or lose it” so I’d definitely try to fill it up each year! 