"Now that I'm seeing that there are limits on paying into an IRA, maybe that wouldn't work, at least when we hit the limit for the year."Sorry I didn't quite understand what you mean here - are you talking about the limit on contributions, the time limit on contributing by 4/15, or the limit on contributing to a deductible or non-deductible IRA based on income limits and whether you're covered by a retirement plan at work...............I was refering to the limit on contribution amounts for the year. Isn't there a cap of $3,000 this year and $4,000 next year? Or is that just the amount that can qualify as tax-deductible? If that is the cap, and we wanted to put more away for retirement, then we need to start a regular investment account, right? I guess I was hoping for a one account scenario, but it looks like that won't work.You don't allocate by percentage in an IRA the way you do for a 401K. An IRA is a totally self-directed account, like a regular investment account at a brokerage, or mutual fund company. Most have a money market account tied to the trading account. So, once you open it, you send them the contribution, and they will happily keep it in whatever money market type account they offer - and pay you a paltry .0075 or 1% annual interest - unless you direct them to buy a mutual fund or a stock with your money. Thank you for clarifying this. Madeline
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