Thank you in advance!
I currently make 90k a year. No debt other then my home. I have been with the same company for 10 years and contributing to a Roth 401k since the start. I have a substantial emergency fund. 35 years old.
I have heard from numerous sources to only contribute enough to get my company match in the 401k (6%) because of the high fees, and then cap out a personal IRA. Once a personal IRA contribution amount is capped, then start contributing more to the Roth 401K... My question is, since I have a Roth 401k already, should I look at a traditional IRA for the tax benefits now, or should I go with a Roth IRA?
Also, I have wanted to build a dividend portfolio for a long time. Is there any reason why I would use an IRA to buy dividend stocks when I could use a low or non commission broker and control the purchase of stock myself, and get dividends back in cash in case I ever need them for income?
I would very much like to be in control of the dividend stocks I purchase, but an IRA would have dividend reinvestment and maybe tax benefits??
What is the best route for me in your opinion? I just keep confusing myself the more I read about all these options.
Submitted January 24, 2019 at 04:47PM by OathRaper http://bit.ly/2Tee6hA
