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A Roth IRA may be a good alternative to a 401(k), but after you've matched that out, a 401(k) is probably your next best bet given the tax incentives (pre-tax s
by johnmaguire2013 9y ago
A Roth IRA may be a good alternative to a 401(k), but after you've matched that out, a 401(k) is probably your next best bet given the tax incentives (pre-tax savings.)
- jsutton 9y agoDepending on how much you've earned during the year, a Roth IRA may not be an option (exact threshold I've forgotten but it's around $120,000)
- tyrust 9y agoThe Backdoor Roth IRA circumvents this. In short, you invest in a Traditional IRA and convert the contribution to a Roth IRA. https://www.bogleheads.org/wiki/Backdoor_Roth_IRA https://www.bogleheads.org/wiki/Backdoor_Roth_IRA