UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: tsouth Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76421  
Subject: Re: IRA/401(k) or VUL and too much money Date: 8/24/2000 1:39 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Gotta go with JAFO on this one.

If a 401k is available through your company, you can put into it. Your contributions may be limited as highly compensated employees -- so you might get a (taxed) check at the end of the year to reimburse you for the "extra" money you put into the 401k. (Personally, I'd question the abilities of financial planner who said you make too much money to contribute to a 401k.)

We're coming into similar problems with the income limits for Roths and have already maxed out the 401ks. We chose to open traditional brokerage accounts, through which we invest in Mutual Funds and Stocks. We won't save money in taxes, but we should do alright in the long haul.

20-year term insurance for young, healthy people is dirt cheap BTW.

Best of Luck,

Teresa
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement