Hey, all.
My wife and I have a combined income of around $125000. However, her income is not considered “earned” income. Her family business sends her a “director’s fee” that I believe does not fall under the category of earned income. Therefore, she cannot technically contribute to a Roth.
We aim to invest 15% of our income in retirement, and currently, about 9.5% goes to my pension. The rest goes to my Roth, which starting next year, would go over the $6000 threshold.
Is there an option for her that is like a Roth? Or should we diversify and let the rest go into a 403b? I am an educator, but I am not always a big fan of the fees, but the tax benefits are nice for now.
Thoughts? Options?
Thanks in advance!
Submitted October 31, 2021 at 07:30AM by laker4life248 https://ift.tt/3Ey7QbK
