Question that I am hoping one of my investment savvy posters can help me with. I currently max out my 401k as does my wife with her 403b. I am considering doing an IRA for both of us. As I understand, $6k each is the annual max. However, due to income laws, these contributions would have to be post tax in addition to the earnings being taxed upon the withdraw.
Couple of questions:
1. Am I correct?
2. If yes, what are the financial advantages if my investment and growth are both taxed?
Thanks for any info! ILL
Couple of questions:
1. Am I correct?
2. If yes, what are the financial advantages if my investment and growth are both taxed?
Thanks for any info! ILL
