Should I open a traditional IRA or invest in a brokerage account after maxing out my 401k and being ineligible for Roth IRA due to income limits?

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  • #95846 Reply
    Golden

      Do backdoor Roth. Open up your own HSA at Fidelity. Then do Brokerage account.

      #95847 Reply
      Brian

        Can you do post-tax 401k contributions? If so, can you do an in-plan conversion or an in-service withdrawal (mega back door Roth)?

        #95848 Reply
        Carolyn

          We do a backdoor Roth IRA (non-deductible traditional, then convert to roth), then we contribute extras to our brokerage account.

          #95849 Reply
          Rick

            Looks like your financial account order of operations OOO stopped too short. Back door Roth IRA and brokerage account should be up next.

            #95850 Reply
            J.C.

              Even if you can, I think you are putting enough away in retirement accounts. Time to beef up your brokerage account. You can withdraw from it at any time and, provided you wait a year and a day, you can do so at the more favorable capital gains tax rates.

              #95851 Reply
              Carolyn

                Backdoor Roth IRA then taxable brokerage account.

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              Reply To: Reply #95846 in Should I open a traditional IRA or invest in a brokerage account after maxing out my 401k and being ineligible for Roth IRA due to income limits?
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