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>>>Hi, I continue to max out my 401(k) at 15% and presently have $30,000,
have some mutual funds=$10,000, an IRA =$5000. I'm 32, and have
still $400 disposable income that I would like to invest/monthly. What
would be the best security to obtain with a decent return and some
risk???? Thanks.<<<

You don't mention if you are covered under a retirement plan at work, but even so, you may still be eligible to contribute to an IRA or Roth.

Contribute to tax reduction plans until you max out. There are some annuity plans out there, but I am not personally a big fan of annuities.

You can get into some funds with your after tax monies and while they are not completely tax free, you can make a lot of money (capital appreciation) and pay taxes only on the distributions. Some funds like the Vanguard Index Funds have very low distributions.

You will of course pay capital gains on selling the shares in your funds, but until then, you have some tax shelter.

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