IRA contribution after 401k max-out?
I'm sorry, I know this is a basic question but I'm having a heck of a time finding an answer.
I'm not eligible for a Roth.
I max out my 401(k).
I assume that I can't contribute to an IRA pre-tax.
Nor can I contribute to a Roth post-tax.
However, can I can contribute to a regular IRA? I understand that I am contributing with after-tax dollars and would be taxed on withdrawls. However, if I do not need to pay taxes on the investments in the IRA until I withdraw, then it makes sense as a place to build a bond fund.