Im a 35 year old male, I have a city job with NY so i have a 457 retirement plan through the city.
With that said i wanted to also open my own seperate roth ira but I know my income is too high, Im not going to be crazy agressive putting thousands a month away maybe $200 if not more
1. I opened a vanguard account and i would like to do $50 a week, what should i be putting it into?
2. I also know i need to do a rollover roth since im phased out of contributing with my income, very confused on how it works. If anyone has a video or can explain more in depth I would appreciate it.
3 . I also have a 18 year old and I would like too open her a roth now so shes set for the future, so any advice there would be helpful, oh on top of that I have a 4 and a 2 year old we do a 529 state plan for school is there a way to open a roth for them at this age now also?