No. of Recommendations: 0
I have been lurking on the Mechanical Ivesting/Workshop message boards for some time. What amazes me is the size of some of the nontaxable portfolios.
My ? is: if one does not have access to a 401(K) plan, how does one build such a portfolio. My limited knowledge would say a combination of investing $2K/yr in IRA/Roth IRA for many years and getting good return on your investments. Is there some other vehicle outside of IRAs for building a nontaxable account that allows > $2K/yr?

You do not need to even go outside the confines of IRAs to do this. For the self-employed, Simple-IRAs and SEP-IRAs allow contributions far in excess of the meager 2k/yr limitation on Traditional and Roth IRAs. You can do a search on these terms, or take a look in the Taxes board, where these have been extensively discussed.
Of course, in this manic market, it has been possible to build up an amazing portfolio in a very short period of time, if you got lucky and had your entire portfolio in just a few high-flying stocks. Just 50k in Qualcomm over the past year or so would result in over half a million today.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.