03-14-2018, 09:21 PM
space-time wrote:
[quote=Acer]
FYI, in the future you can still make individual IRA contributions even if you have an employer's 401(k).
...
I know, but with both of us working now, we hit the limit. Yes, I can make IRA contributions, but it will not be tax deductible. So I might as well put it in a normal stock account, at least I could withdraw whenever I wanted. Am I missing something?
The only thing that you might be missing there (and I may be wrong - not an accountant) is that that money in an IRA would earn dividends and such tax free.