No. of Recommendations: 0
I just jumped to a new job without a 401k. And i'm looking for an investment option to sock some retirement money away in. I already max out my Roth, but are there any other alternatives that offer at least some tax breaks?
Print the post Back To Top
No. of Recommendations: 0
I just jumped to a new job without a 401k. And i'm looking for an investment option to sock some retirement money away in. I already max out my Roth, but are there any other alternatives that offer at least some tax breaks?

Sorry, but employees are limited to the $2,000 annual IRA contribution and whatever plan(s) offered by the employer.

If you're interested in investing long-term in stocks, that has the same effect as a tax-deferred retirement account. You don't pay tax on the capital gains until you sell. More more information about the taxation of capital gains, check out the Investment Issues section of the Tax FAQ's, accessible through the QuickFind dropdown menu at the upper right of this screen.

TMF ExRO
Phil Marti
Print the post Back To Top
Advertisement