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Reply to "Best (simplest, easy to understand) way to start retirement saving?"
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[quote=Anonymous][quote=Anonymous]If you max out a Roth IRA, what next? If you don't have an employer-matched 401k. Can you have two Roth IRA's?[/quote] There's no limit to the number of IRAs you can establish, but there is a limit to how much you can contribute per year ($5500). For more people it makes sense to just have one Roth and contribute up to the limit. If you don't have a 401K through your employer and you are self-employed, you may be able to open an individual 401K. Many financial institutions offer them; here is information from Fidelity: https://www.fidelity.com/retirement-ira/small-business/self-employed-401k. You can call the institution of your choice, explain your employment situation, and see if you qualify. Otherwise your best bet is just a taxable brokerage account. You could also look into i-bonds, which are inflation-protected government securities: http://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm [/quote]
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