Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If you make over $300k where do you invest after 401k"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]If you make over $300K, after you’ve maxed out your 401k - where do you invest? We do not qualify for a Roth IRA. Is there any benefit to doing a traditional IRA next? We may also make too much to qualify for any tax benefits with a traditional IRA. With our income, is there any difference between investing in a traditional IRA and a taxable brokerage account? Thanks! [/quote] 1) Max out 401k using backdoor Roth. $66,000 in 2023. All our contributions are Roth and convert employee contribution as they come in. Goal is 50/50 mix traditional/Roth at retirement. We don’t use an IRA vehicle. Maxing to 415(c) limits is enough for retirement. 2) $3000 a month to a brokerage account split 50/25/25 money market/SCHB/SCHD 3) $900 a month for 3 kids 529. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
