New attending here. I am currently a W2 employee with a path to partnership in 2 years. The practice I started at does not offer any 401k or any similar tax advantaged retirement account. In addition, the health insurance provided by the group is not eligible for HSA as it's out of pocket maximum is too high. I have the option of choosing a new health plan later this year.
Is my only option for tax advantaged retirement savings via a Roth IRA and spousal Roth IRA or am I missing something? $11,000 a year doesn't seem like much to me especially as I'm seeing others on this site putting away significantly more than that. Don't get me wrong though, I have other things I can do with some of my money like re-financing and paying off my student loans ($210,000), building up our emergency fund, and saving for a down payment on a house. But should I also start putting some money into a taxable account for retirement? Or is there a better option? Thanks.
Is my only option for tax advantaged retirement savings via a Roth IRA and spousal Roth IRA or am I missing something? $11,000 a year doesn't seem like much to me especially as I'm seeing others on this site putting away significantly more than that. Don't get me wrong though, I have other things I can do with some of my money like re-financing and paying off my student loans ($210,000), building up our emergency fund, and saving for a down payment on a house. But should I also start putting some money into a taxable account for retirement? Or is there a better option? Thanks.
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