Thanks Greg. My spouse contributes to her employer sponsered retirement plan and we buy health insurance through her employer. I guess that eliminates her IRA option.I will do some research into the annuities you mentioned. We are just about to start a college fund for our infant. Besides my IRA contribution, that seems to be the only option left to defer taxes. I was just looking at the 1040 form to see where the college fund contribution gets reported and deducted; but did not find it. I wonder how that works.I didn't even think about all these issues when I accepted my new job, which just shows my financial illiteracy. I guess I have a lesson to learn here.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra