HHI $260k but I have no work benefits- can I do a Roth IRA?

[Anonymous]

DH makes $160k with a 401k and 6% company match

I make $100k without any benefits. I've been saving in a Roth but our HHI crossed the threshold for that this year I believe. What is my best course of action for saving for retirement for me now?

I'm not getting a new job because I basically have the dream job for a mom of little kids- I work any 35 hours per week that I want from home and it's fairly low stress with an unlimited amount of flexibility and zero oversight.

[Anonymous]

Traditional IRA.

If you want the benefits of the Roth IRA, you can make your post tax contributions to the Traditional IRA and then do a tax-free Roth IRA conversion.

[Anonymous]

Backdoor Roth IRA, that will at least shield $6K/year for you. Your husband can also do a Backdoor Roth for $6K/year.

[Anonymous]

ANYONE can do a $6,000 Roth with after tax $

[Anonymous]

Anonymous wrote:ANYONE can do a $6,000 Roth with after tax $

Um no, there are income limits. https://www.investopedia.com/retirement/ira-contribution-limits/

[Anonymous]

Google Backdoor Roth IRA. If you set up a new Traditional IRA or have an existing Traditional IRA, it really complicated doing a backdoor Roth.

[Anonymous]

Anonymous wrote:Google Backdoor Roth IRA. If you set up a new Traditional IRA or have an existing Traditional IRA, it really complicated doing a backdoor Roth.

PP: Just to clarify, if you don't have an Existing Traditional IRA, you will need to set one up as a shell for passing the money into a backdoor Roth IRA. Vanguard makes it very easy.