No. of Recommendations: 0
dear fools,

tax-planning and retirement planning have definitely not gone hand-in-hand in my world... in fact, planning in general would not be considered one of my fortes so thank you for your patience in advance...

i max out the paltry $10.5k in pre-tax contributions allowance to my 401k at about mid-year because i contribute 15% of my salary (+6% matched by my employer) on a pre-tax basis and then convert to AT contributions for the balance of the year...100% of my contributions are invested in equity index funds(excluding 1% of the company match which goes into the stock of the which i am grossly over-weighted)

i also invest about 2% of my AT salary in VFINX.

i definitely exceed the maximum AGI limits for tax deductible contributions to an IRA since i participate in the company sponsored there are no immediately obvious tax advantages to having an ira

but, i feel as if everyone else has an IRA, and i want one too,

i know plenty of those people make more money than i do but i can't quite determine why it would make more sense for me to begin contributing to an IRA on a non-deductible basis versus continuing to invest after-tax dollars in the 401K, other than the fact that i would have access to a wider range of investment alternatives...(not necessarily something to ignore)

oh yea, in case it matters…i am in my mid 30s with no kids and i invest my bonus in equities as well…(really should consider bonds at some point..)

okay you fools,…what am i missing? I searched the boards earlier and ended up heading for the medicine cabinet for some advil…
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