Hi everyone! My mother is of retirement age, but is willing and able to keep working her job (which she enjoys) a while longer to save up more for retirement.
She is currently contributing the max for her TSP. She has about $400 a month leftover that she would like to invest, but we're unsure what would be the best account to store it in.
Since she'll be in a lower tax bracket when she retires, should we look towards tax-deferred accounts? We were considering a traditional IRA, but would rather avoid the option of taking out RMDs if possible. Could a taxable brokerage account be an option as well? Are there other, possibly more suitable accounts, that might be more beneficial for her?
Any and all advice is much appreciated, thank you!
Submitted September 13, 2020 at 09:04PM by SaneFloridianMan https://ift.tt/3kiA3JJ
