I am currently contributing the max to my company 401k plan w/ the company matching 25%. I would also like to contribute to an IRA because I would like to follow the foolish four investing plan with $2000 a year. Am I allowed? If I can't also open an IRA, would it be unwise for me to start investing in a foolish four portfolio in a taxable account? I am in an extremely high tax bracket and while I like the idea of the foolish four portfolio, I am not sure if paying taxes every year won't cut into my investment too much. If I delay paying taxes for 20 years or so until I retire, aren't I in effect borrowing/using the governments money to invest in my retirement fund?
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