No. of Recommendations: 0
I don't have a Roth IRA because I live in a state that has a 10% income tax rate and when we retire we will be moving out of this state to one with a cheaper tax rate. I'm not so much focused on a retail account as much as I prefer the flexibility of being able to get to the assets in the account if something dire were to occur (accident/death). I'm not planning on transferring my 401k money into my wife's IRA. We will eventually transfer her old 401ks into an IRA for her. Thats one of the questions I have, can I have an SEP IRA and transfer her old 401ks into it? Or would it be better to keep them seperate?

Catch-Up money - I'm over 50 (52) and I'm able to contribute $5500 more than the 2013 IRS allowance of $17,500 into my 401k, but I'm not doing that in an effort to help my wife with her start-up (using the $5500 for her costs). Her revenues don't quite meet her costs just yet. Wife does not have an IRA or SEP as of yet, which is one of the reasons I'm asking the board (BTW, thanks for your suggestions).

I'm interested in long term trading (buy and hold) and my interest has been sparked by 3D printing as well as peripherial natural gas industy companies (I'm in the energy business, but in the governement). My 401k is in Government Bonds right now, but I'm looking to enter the SP500 and DOW Indices and a little International ETF I have access to but I'm waiting for a better entry point.

The CC debt doesn't get paid off each month, but I have enough in the bank to do so. The reason I don't is that everytime I do, my wife has a tendency to run it up again. When I leave a balance on them, she doesn't use them nearly as much. I figure the interest vs. paying off, running up and paying off again has been cheaper over the years (I know it sounds crazy). For the most part though, we pay cash and live within our means.

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