Author Topic: maxing out tax-deferred retirement accounts...  (Read 1789 times)

FuckRx

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maxing out tax-deferred retirement accounts...
« on: January 01, 2014, 12:26:43 PM »
I'm 35 years old and take home a little over 150k after taxes...
goal is to retire in the next 10 years...
My job has a "Keogh" plan, I max out 33,500/yr in that (it's mandatory), it's like a 401k or sep IRA...

I also have the option of maxing out my 401k and I have done that for past 2 years but should I continue doing that or invest in some other things? I should mention that I gross around 300k so I'm in a very high tax bracket.

I put about 2k a month into a Betterment account.

I also invest about 3k/mo in state muni bonds just for the yields in the future.

Joel

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Re: maxing out tax-deferred retirement accounts...
« Reply #1 on: January 01, 2014, 03:53:33 PM »
If your income is that high, you absolutely should be making out any tax advantaged account available to you. Reduce your taxable income now because it will likely be lower in the future.

FuckRx

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Re: maxing out tax-deferred retirement accounts...
« Reply #2 on: January 05, 2014, 08:37:58 AM »
thanks that's what I thought because otherwise there really isn't much to lower my taxable income.