We are a dual physician family. My wife is employed, maxing out her tax deferred retirement. I'm in the military, maxing out my Roth TSP. I have some moonlighting income from 2016 on a 1099. Might be an ongoing thing for the next few years or it might never happen again. Is it worth it to set up an IRA to make a tax-deferred contribution (I figure the max I can contribute will be around 1K in the form of an employer contribution)? Or should I just throw an extra 1K in our taxable Vanguard account?
IRA seems preferable to 401k based on the record-keeping requirements but I'm certainly open to advice as far as this goes, too.
IRA seems preferable to 401k based on the record-keeping requirements but I'm certainly open to advice as far as this goes, too.
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