Hey guys wanted to get your insight on what I should do as a 27M. I started investing this year (I have been in my 401k for a few years now). I opened a fidelity brokerage account and started investing.
Dumb of me come to find out you can open a Roth and can contribute 7500 a year. I currently have \~3400 in that brokerage account invested. Should I sell it all and move it into my Roth instead? Currently have about +$211 in gains in that account currently from January 6th to now. I know I would have to pay roughly $45 in taxes. I did pause my automated transactions into my brokerage and turned it on for my Roth now.
My wife and I are currently paying off student loans so simply saying "pause contributions to brokerage and go all in on Roth" won't work here. I did the math I don't have enough to put in until the April deadline for 2026. What do you think I should do in this situation? Sell all and move it to the roth, or just learn from my mistake and moving forward prioritize the roth obviously and only add to the brokerage AFTER that has been maxed for the year.
Thanks ALL! :)
TL;DR just started investing have about 3400 in a brokerage. Should I sell that and move it to my roth or keep it in a brokerage and learn the lesson for later in life. (can't contribute more to make up for this year it's all that's in my budget).