Hello Everyone,
My wife and I max out our 401k's, HSA, Dependent care FSA. And any money that is left over in a month goes into our Individual brokerage account. We have 1 kid who turned 1 in September and we are planning to open a 529 for him.
Right now, we do not contribute to a traditional IRA because we get no tax deferral on it. We both earn 285k combined and so we get no benefit in contributing to it other than our gains won't be taxed until retirement.
So my question is should I still contribute to a traditional IRA or should I just go with 529? I see no point in contributing to an IRA since we put all our savings in a brokerage account anyways. Am I missing something when it comes to them IRA's?
Submitted October 25, 2021 at 06:31AM by rambantu https://ift.tt/3EjyRzP
