I am a little lost and hoping to find some answers here. Say you are currently maxing out 401 with employer and you make too much money/want to invest more toward retirement than a roth or traditional ira allows. Basically I want to to put away 25k extra a year toward retirement, do I need just a regular brokerage account? I know a little about investing, managing my 401k's and rollovers but I want to transfer money sitting in savings into an account that can grow toward retirement. I would like to deposit 2k a month into this supplemental "retirement" account and have it automatically buy into whatever mutual funds I choose.
And lastly, should i just hire a financial advisor and pay the % and let them do this? I don't want to waste money on one if not needed, just want to save as much as possible for retirement. But if it has benefits that I am going to overlook that would be worth the % (taxes, backdoor roth (not 100% how this works) etc) it may be worth it.
Thanks!
Submitted January 21, 2017 at 06:02PM by spottedbearcat http://ift.tt/2jk6urX
