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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here, I am way behind and I do acknowledge that. I have been cash flowing about $4000 per month for my kids college education that last few years. I was planning to slap most of that right into the 401k and pay off debt as well. So now, I am just not sure what to do with that money. I do not have a brokerage account. I have another 401k for a PT job I have but I don't make enough to increase my contribution in any meaningful way.

The employer is not shutting down, I don't believe.

So... what I'm thinking is that I will roll my one 401k into the other. They are both with Vanguard so that will be easy and I've been happy with them. Then I open an IRA, my goal was to sock away money pre-tax as I have 1099 work so I'd like to lower my tax burden. I know that I will have a much lower contribution limit to an IRA and I believe that it will likely not be able to be tax exempt, if my google research is correct. Would you all suggest a brokerage account for the rest?  Should I do a Roth IRA if I'm not going to get a tax reduction?

confused.[/quote]

[b]So you have the PT job[/b], can you contribute the whole salary of that? Also are you contributing Roth or pretax?

You can contribute $7k to an IRA, not sure what happens to that limit when you turn 50 but I’ve heard of catch up contributions so maybe someone else knows. [/quote]

I literally make a tiny amount per year in that job so yes I can defer most of that - and I already do- but it's not going to get me where I need to be in 10-15 years.[/quote]

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