#1
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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. |
#2
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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. |
#3
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Re: Once Roth is Maxed out...
I assume you've already put money in for 2007?
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#4
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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. |
#5
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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. |
#6
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Re: Once Roth is Maxed out...
you can also max out a traditional IRA
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#7
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Re: Once Roth is Maxed out...
[ 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. |
#8
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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 |
#9
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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 Withdraws are tax free at any time if used for medical expenses, and tax-deferred if withdrawn after age 65 for non-medical expenses.
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#10
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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 |
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