Author Topic: Trad IRA worth it?  (Read 463 times)

REatc

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Trad IRA worth it?
« on: October 07, 2019, 10:50:35 AM »
Is a traditional IRA worth setting up? I already max my traditional TSP, then everything else goes into the taxable account. I like the simplicity of the 2 accounts with different tax diversification. I ask if the trad IRA is worth it since the limit is 6k, Iím nearly investing that each month into my taxable, so I seems like small potatoes. Essentially when Iíll have to convert both(TSP and IRA) later when I am in a lower tax bracket. Probably not very mustachian of me but I like few accounts and simple processes.

DadJokes

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Re: Trad IRA worth it?
« Reply #1 on: October 07, 2019, 10:55:48 AM »
Either a traditional or Roth IRA would be better than a taxable brokerage account.

MDM

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Re: Trad IRA worth it?
« Reply #2 on: October 07, 2019, 10:59:59 AM »
I ask if the trad IRA is worth it since the limit is 6k, Iím nearly investing that each month into my taxable....
Based on that it would appear you are above the IRA Deduction Limit, so a Roth IRA would make more sense.  What do you think?

terran

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Re: Trad IRA worth it?
« Reply #3 on: October 07, 2019, 11:02:04 AM »