Retirement Funds

[ushdadude]

for them to choose where to invest my money, and i just see returns.

you can do that with low cost index funds for a lot cheaper. buy and hold

[Definitions]

Should I check any of these boxes?

[sillypainter]

I would do options trading.

[Definitions]

I would do options trading.

I don't even know what options are definitely sounds like the wrong thing for me.

I was actually curious what the trading services is? Is it free and/or useful?

[Definitions]

To clarify this is for a Roth IRA

I found a similar question here https://www.reddit.com/r/personalfinance/comments/iik0hr/opening_schwab_roth_ira_not_understanding_a_bunch/

[ushdadude]

Should I check any of these boxes?

I wouldn't of it's an IRA.  Smartest strategy is to buy and hold

[aygart]

Smartest strategy is to buy and hold

I would recommend against doing that with individual stocks.

[ushdadude]

I would recommend against doing that with individual stocks.

Agreed. Low cost index funds only

[Definitions]

I funded my Roth IRA account. Do I have to invest it before the year ends (the $6000 limit has nothing to do with investing it?)

[avromie7]

I funded my Roth IRA account. Do I have to invest it before the year ends (the $6000 limit has nothing to do with investing it?)

No. It makes no difference if and when you invest it.

[ushdadude]

I funded my Roth IRA account. Do I have to invest it before the year ends (the $6000 limit has nothing to do with investing it?)

can invest whenever....parenthetically, you have until April 15th to contribute for the previous year. It's really only a 529 (and maybe some 401ks) that need to be funded before the new year.

[Fish Tank]

Earlier I was actually writing a post about HSA, when I got distracted.
IMO an HSA is the most underrated RF in the world. Although technically not a RF, it acts in the same manner and is the only one that is triple tax advantaged. The only requirement for eligibility is to have a HDHP. Contribution limits for 2020 $3550 for single and $7100 for a family, in 2021 $3600 for single and $7200 for a family. One can contribute until tax filing deadline.

Can you elaborate please?

(It's that time of year again)

[Euclid]

Can you elaborate please?

(It's that time of year again)

You can put in pre-tax money, and any investment gains aren't taxed, and when you withdraw money (to pay for medical expenses) you aren't taxed either.

[CountValentine]

HSA's are great but it isn't a retirement fund.

[ExGingi]

HSA's are great but it isn't a retirement fund.

+1

Even though one is allowed to withdraw money penalty free (but not tax free) once reaching retirement age.

[Fish Tank]

You can put in pre-tax money, and any investment gains aren't taxed, and when you withdraw money (to pay for medical expenses) you aren't taxed either.

Thanks

[Fish Tank]

HSA's are great but it isn't a retirement fund.

Why not?

[CountValentine]

Why not?

Retirement accounts are mainly for when you retire. HSA are mainly used each year.

[Fish Tank]

Retirement accounts are mainly for when you retire. HSA are mainly used each year.

. . .You can also use your Roth IRA funds each year.

Just like you don't withdraw from there, you don't withdraw from your HSA.

What am I missing?

[CountValentine]

. . .You can also use your Roth IRA funds each year.

Just like you don't withdraw from there, you don't withdraw from your HSA.

What am I missing?

I guess ask those that have/had both. I never withdrew from my IRA until retirement and I used my HSA every year.
While you can do use both for retirement and withdraws they both have a main purpose?