Good morning,
I am a newly minted academic attending, single, living like a resident and saving a total of about 180K/year in the following accounts, which are all maxed out (I think):
Backdoor Roth IRA: 5500
457: 18000
403(b): 18000
401(a): 30000 (all contributed by employer. I don't see any option to add to this but haven't specifically asked).
This leaves about 110K/year in taxable, which is sub-optimal for both tax and liability reasons. Am I missing anything? Do I have any more room in tax-advantaged accounts? Should I see if I can personally add more to the 401(a)?
I really appreciate any advice.
I am a newly minted academic attending, single, living like a resident and saving a total of about 180K/year in the following accounts, which are all maxed out (I think):
Backdoor Roth IRA: 5500
457: 18000
403(b): 18000
401(a): 30000 (all contributed by employer. I don't see any option to add to this but haven't specifically asked).
This leaves about 110K/year in taxable, which is sub-optimal for both tax and liability reasons. Am I missing anything? Do I have any more room in tax-advantaged accounts? Should I see if I can personally add more to the 401(a)?
I really appreciate any advice.
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