401k maxxed at 56k total this year. ira also maxxed at 12k. hsa will be maxxed by year end. what other tax advantaged ways remain to stash away more for this year?
Are you close to 58 years?
Nope not even close
Launder money
Get a baby
Already got 2 :)
Take classes/hire trainers for a healthy lifestyle - nutrition/fitness/yoga/meditation. Improves quality of life during retirement.
Taxable account with etfs
Good point
physical gold
Seriously considering this
Get while the getting is good :) Long term fundamentals never stronger, unless responsible fiscal/monetary policy falls out of the sky somehow. But I rarely even hear mention of such things nowadays ... Medicare for all, free college, tax cuts, etc are all the rage.
521
529
537
Noob here, can you contribute to ira if you have maxxed out your 56000 contribution, I thought that was the max for all your retirement accounts combined ?
If your workplace offers a 401k, your IRA contribution is deductible only if your income is below a certain amount. Given the OP maxed their 401k, it is reasonable to assume their IRA contribution is not deductible (or they plan to backdoor Roth it)
That's right. Not deductible. Backdoor Roth.