[stoxtrader]

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Isn't there a maximum you can put in a 401k?

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I believe this is only through work, and the max is around 15K per year. You could open an IRA, but the max yearly contribution is far less than you have.

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Can you defer taxes with IRAs? I guess I should talk to a pro, just sucks because I feel like I might get advice that is good for them and maybe not good for me?

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my suggestion is to NOT "speak with a pro".

******disclaimer, just my opinion only*********

200k after taxes is a nice chunk at your age and there are a few things you can do to give yourself a headstart on financial freedom at some point in your life.

everybody's EXACT financial situation is different so its difficult for ppl here to give quality advice - it is evident you know little from your questions about IRAs/401ks.

but that's ok

the #1 thing you can do assuming you want to spend some time and effort on this (and you should)

is repost this question in the business/finance forum and include more details. then follow up with questions, research the options ppl give you and ask more questions. rins/repeat -

the knowledge gained will be very valuable in addition to the money you save by not going to a professional - the quality of poster's in that forum is very very good.

rough standard answer to someone young with a windfall -

1. payoff all debt except maybe a mortgage if you have one
2. max out possible tax advataged accounts - understanding first the limitations of the account specifically in regards to penalty free access of the money
3/4 - think about brokerage account/strategy
3/4 - think about home ownership/strategy


good luck.