Here's my situation:
Married with total income of approximately 210K (My wife and I each make about 105K)
I have a 401k that I max out
My wife has no company sponsored 401k. She's not self-employed so doesn't qualify for a SEP, SOLO, ETC.
We make two much money for a ROTH and too much to deduct for a regular IRA.
Anyone have suggestions on how to save for retirement and try to maximize tax deferrment, other than simply saving to taxable accounts? I've looked into starting an IRA (without the pre-tax deduction) and rolling it into a ROTH in 2010 with the pending rule changes. But their seems to be some issues with that, unless I want to pay the conversion penalty on earnings.
Thanks for any suggestions.....
Married with total income of approximately 210K (My wife and I each make about 105K)
I have a 401k that I max out
My wife has no company sponsored 401k. She's not self-employed so doesn't qualify for a SEP, SOLO, ETC.
We make two much money for a ROTH and too much to deduct for a regular IRA.
Anyone have suggestions on how to save for retirement and try to maximize tax deferrment, other than simply saving to taxable accounts? I've looked into starting an IRA (without the pre-tax deduction) and rolling it into a ROTH in 2010 with the pending rule changes. But their seems to be some issues with that, unless I want to pay the conversion penalty on earnings.
Thanks for any suggestions.....