The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: How to Invest a Cash Windfall for Retirement||Date: 4/1/2013 4:55 PM|
|Author: mgreen10||Number: 71638 of 81600|
My retirement savings are currently invested in:
1. A traditional Rollover IRA
2. Employer-sponsored 401k plan
3. A brokerage account
I expect to receive about $50K this year and $100K next year, in addition to my regular earnings, and would like to invest it in a tax-advantaged retirement account like a 401K or IRA. The problem is I can't transfer a large, lump sum of money into these accounts. I can contribute up to about $23K per year into my 401K and $6K per year into my IRA.
Are there options for investing a large, lump sum that will grow tax-deferred (like a traditional IRA) or tax-free (like a Roth IRA)?
Thank you for your help!
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|