I haven't really looked at my retirement accounts other than my 401k in about 5 years, due to some IRL expenses that have kept me from contributing to them, but I'm in a more stable place today and looking to get back at it.
Over the past 5 years, my salary has doubled and if I'm reading this article correctly, since I make $140k/year now as an unmarried person (and already contribute to a 401k through my job), it sounds like I'm ineligible to contribute to my old Roth IRA that I started way back when and if I open a new traditional IRA, I wouldn't be able to deduct any contributions to it.
With that said, is there a point to contributing to a traditional IRA versus just opening a regular investing account and splitting the money between a standard 3 fund portfolio?
Submitted January 14, 2021 at 06:55PM by loki8481 https://ift.tt/38HZIZ6
