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Old   #1 (permalink)
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Default my company does not offer a 401k but I need something bigger than an IRA?

I've received over 25,000 in raises this year and my bring home changed very little

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Default my company does not offer a 401k but I need something bigger than an IRA?

There are two types of Individual Retirement Accounts (IRAs) you can consider in this case: a traditional IRA and a Roth IRA. Both have advantages and disadvantages.

With the traditional IRA, your contributions are tax-deductible now. Withdrawals are taxed as ordinary income and if taken prior to age 59 they may be subject to a 10% penalty. You can contribute to a traditional IRA until age 70 and there are no income limitations.

If your company does not offer a 401(K)than a IRA is the next option. A Roth IRA means you'll have to pay taxes on contributions now and you won't be able to deduct these contributions but any earnings grow tax-free. And with the Roth, there is no limit to how long you can contribute. If you need something bigger than include other mutual funds,stocks and bonds within your IRA. You should meet with an investment professional to determine whether one or more of the above options will help you meet your retirement needs.


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Old   #3 (permalink)
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Default my company does not offer a 401k but I need something bigger than an IRA?

Really?? That makes no sense...
the United States has a progressive tax system so the more you make the more you are taxes.
If you made $50000 and now you make $75000, you are only taxed more on the $25000 difference and the TOP tax in the US is 39.5%, based on your question we know you aren't earning anywhere near that amount.

If you aren't eligible for a 401K, your retirement options are a Roth or traditional IRA.
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