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Income is too high for a Roth.
Old 01-06-2012, 05:58 PM   #1
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Income is too high for a Roth.

We're maxing out hubby's 401(k) and my SEP IRA. Everything else goes in our taxable account. We are also contributing the max to our HSA.

I think we're tapped out as far as tax advantaged accounts. anything I missed?

siS
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Old 01-06-2012, 06:08 PM   #2
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Well, technically, you could look into annuities to get some additional tax deferment. Not saying you should do it (in fact you probably shouldn't) but it is an option...

I-bonds offer some tax deferment as well (they grow tax-free until you redeem them).
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Old 01-06-2012, 06:11 PM   #3
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you could put after tax money into a traditional ira... it might not be deductable but the earnings would go tax free until withdrawl.
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Old 01-06-2012, 08:24 PM   #4
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Thanks for the suggestions! I'll look into those.
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Old 01-06-2012, 09:05 PM   #5
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Those taxable accounts can be used to convert 401k/IRA dollars into a Roth after you ER and before other taxable income sources come online, so it's not a total loss.
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Old 01-06-2012, 09:28 PM   #6
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Munis in the taxable accounts to the extent that you have fixed income in taxable accounts. Sounds like you are probably in a high tax bracket.
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Old 01-06-2012, 09:34 PM   #7
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You can still contribute to a Roth, look up "backdoor roth contribution".
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