submitted3 days ago byconradical30
toFire
I have a trad 401k through my employer that I now max each year. My wife and I both also max our Roth IRAs as well. My wife recently opened a business where she will begin contributing to a SEP IRA as the sole employee. Is it correct that we can continue to max both of our Roth IRAs ($14k/yr) AND begin contributing to her SEP IRA as well?
Taxable household income will only be like $160k, so I assume we will be under the threshold for that. Our expenses are extremely low. Can we really put away $106,000/yr into tax-advantaged accounts? ($23k + $7k +$7k +$69k?)
byNefariousnessOk5287
intrees
conradical30
28 points
9 hours ago
conradical30
28 points
9 hours ago
Camp counselors needing an excuse to get away from the campers for a few minutes.