The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: greenfox on August 26, 2014, 03:01:04 PM
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I have a job I like that pays reasonably well and that's in my field (which is a pretty specific and not-very-lucrative one, so I feel lucky). For a variety of reasons, there's no retirement program. I have a Roth, which I max out every year. I also have a simple individual taxable account through Fidelity that is invested entirely in FSTVX. Once my Roth is maxed for the year, I contribute 50% of my monthly post-tax income to the Fidelity account (about $1500/month).
Is there a tax-advantaged option I don't know about that I could/should be using, instead of the individual Fidelity account? Or am I just out of luck until my employer starts a 401k program, or until I get a new job?
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Does your company offer an HSA health insurance plan? That's one. Do they offer health insurance at all? If not, you could choose one that is HSA-compatible.
There are various insurance vehicles, but not sure they are any better than a taxable account.
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Talk to your employer about offering a Simple IRA plan they would have to match I believe it's up to 3 % but it would require you to put in 6% to get it. There are a few variations. But it's the cheapest way for your company to give you that benefit. Usually easier for small business's to start with a Simple.