Looking for some advice on which way to go for my wife and I. My plan was to have us put extra money away in a traditional IRA for the tax benefits. Whoops, can’t because we make over the limit/have employer plans.
So now I’m thinking either mutual funds or a Roth IRA. I believe the Roth would be better because we wouldn’t have to pay any taxes on capital gains or when we begin to eventually withdrawal? Also, doesn’t it offer the same amount of flexibility in the sense that you can withdraw from the Roth whatever you put into it, just not proceeds?
I’m going to be raising the amount into my employer sponsored plan, but looking for some advice on what to do after that.
Submitted August 04, 2018 at 09:27AM by Elbufalosoldier https://ift.tt/2OHxHVC
