No. of Recommendations: 0
mgreen10,

Depending on your income, you may be able to max a Roth contribution. If you are over the limit, you can make a non-deductible contribution to a trad IRA. If you are married, this applies for a spousal contribution.

On the 401k, if the payments are coming from your employer, they may have an option to max your contribution limit there. I do not believe "outside money" can be contributed to a 401k.

Other than that, a taxable brokerage account works.

Gene
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
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.
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 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.
Advertisement