For mid career attending physician with a large amount of money in traditional IRA account (from prior 401K rollover) who therefore can not do a back door Roth without significant tax implications, is it worth contributing the $5,500 yearly into a nondeductible IRA? Or better off putting that $ into taxable investment accounts?
(I understand contributing to a nondeductible IRA is a way to diversify retirement savings and is creditor protected, but not sure it is a smart move in comparison to taxable investment accounts given that taxable accounts offer better rates on dividends and long-term capital gains income than the IRA does)
??
(I understand contributing to a nondeductible IRA is a way to diversify retirement savings and is creditor protected, but not sure it is a smart move in comparison to taxable investment accounts given that taxable accounts offer better rates on dividends and long-term capital gains income than the IRA does)
??
Comment