How many people here have an IRA in addition to their 401k? Best place to open an IRA?

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You should be able to invest in an IRA and convert it to a Roth IRA after a week if you have income limitations. You’ll get the tax benefits of the ROTH going forward

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That’s saying that you can’t contribute more than a certain amount to your IRA each year.

If your income exceeds a certain amount, you can not have a Roth IRA but you can have a normal IRA

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Why would you contribute to a IRA if you don’t get the tax benefit? Why not just invest in other mechanisms that don’t have limitations

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TD Ameritrade. Mostly comprised of rolled 401(k)s from prior employers. 100% invested in VOO.

I use Wealthfront

Fidelity with 100% invested in IVV

Isn’t there an income limit?

Income limit to have a Roth IRA, no income limit to have a normal IRA

I believe that’s only for Roth IRAs (after tax dollars), but at the analyst level you probably wouldn’t have to worry about that anyway 😉

Really? I’m confused by this site then...
https://www.fidelity.com/retirement-ira/contribution-limits-deadlines

Great thanks. Really need an accountant lol

^ why wouldn’t you get the tax benefit?

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