Once Roth is Maxed out...
 

I just got a job and will have more money to put away in 2008.

There is no 401k offered at my job.

After I put 5k into my Roth, I will have about $10k to invest in 2008.



Are there other tax-free/deferred options for mutual funds?

Thanks.

Re: Once Roth is Maxed out...
 

So there's no job benefits whatsoever towards retirement? If you do have something, I'd take a look at investing in that.

Otherwise, just start up a taxable account. You can still invest in funds that are very tax efficient like a TSM.

Re: Once Roth is Maxed out...
 

I assume you've already put money in for 2007?

Re: Once Roth is Maxed out...
 

It's a small company and no retirement benefits are offered.

I was thinking about opening a Vanguard targeted retirement date fund with the extra money.

It automatically adjusts the portfolio based on how many years left until retirement.


Is this a good option, even if I'm taxed on it?

Thanks.

Re: Once Roth is Maxed out...
 

[ QUOTE ]
I assume you've already put money in for 2007?

[/ QUOTE ]

I will have 4k in my Roth by the end of this year.

Got the job a little while ago so don't have much more money to play with this year.

Re: Once Roth is Maxed out...
 

you can also max out a traditional IRA

Re: Once Roth is Maxed out...
 

[ QUOTE ]
you can also max out a traditional IRA

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Are you saying I can squirrel away 5k in a Roth and then another 5k in a traditional IRA next year?

Thanks.

Re: Once Roth is Maxed out...
 

[ QUOTE ]
[ QUOTE ]
you can also max out a traditional IRA

[/ QUOTE ]

Are you saying I can squirrel away 5k in a Roth and then another 5k in a traditional IRA next year?

Thanks.

[/ QUOTE ]

I'm 98% sure you cannot

Re: Once Roth is Maxed out...
 

Have you considered a Health Savings Account? Withdraws are tax free at any time if used for medical expenses, and tax-deferred if withdrawn after age 65 for non-medical expenses.

Re: Once Roth is Maxed out...
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
you can also max out a traditional IRA

[/ QUOTE ]

Are you saying I can squirrel away 5k in a Roth and then another 5k in a traditional IRA next year?

Thanks.

[/ QUOTE ]

I'm 100% sure you cannot

[/ QUOTE ]

FYP

Jimbo