The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Tax-free retirement investing||Date: 6/12/1998 1:44 PM|
|Author: JoeSchmoe||Number: 3756 of 80205|
Here's our situation; hopefully someone can shed some light on our best course of action:
My fiance and I are 21 and 22 years old respectively, so we have a long term horizon. Our joint income is ~$115,000. We currently both invest 10% in our company's employee stock purchase program and 10% to 401K. We have planned to save 30%/yr., so this leaves us 10% or ~$11,000 more to put somewhere.
I would like some sort of tax-deductible (but high growth) vehicle for obvious reasons; do we qualify for either the Roth IRA or ordinary IRA? Apparently even then that will use only $4K of this $11K.. Any way to eek a little more tax-free investing out of that?
Any help is appreciated.. Trying to keep as much of this away from the government as I can :)
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|