I am single, no kids and earn 120k+ (California). I maxed out my IRA (traditional) to save on tax. My company offers a 401k plan, but does not contribute to it.
I earn way more than I spend, so I was thinking of stashing some by maxing my 401k contribution (0% matched by employer). Does this make financial sense? My intention is to minimize taxes.
Can I contribute to both my company's 401k and an IRA for tax purposes (since my company offered plan has no matching)?
Submitted April 23, 2017 at 11:24PM by mayhem90 http://ift.tt/2q5kMjb
