No. of Recommendations: 0
You can contribute $2000 a year to a non-deductible traditional IRA even if you have Bill Gates' income, so that isn't a problem.
Consider picking stocks among those that pay little or no dividend, and buy and hold. You don't owe tax until you sell, even if that is decades.
You can also consider index funds, and there are other tax-managed mutual funds.
Best wishes, Chris
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