Personal Investments • PA resident; advice needed on 529 account

New annual Contributions
Will try to max out 401K every year
Will try to max out HSA every year (Currently 14K$)

Max out both IRAs before putting a penny in a 529 or taxable.

fixed.

Thank you very much, i had to stop contributing to Roth IRA in past 2-4 years just because household income has crossed the limit to contribute to Roth IRA. Now, unfortunately household income had dropped to level where contribution to roth ira is acceptable. So will review and do this. Thank you again!

Don't forget that Backdoor Roth IRA contributions get around the income limit. If you don't have a traditional IRA, you should know about it.

Thank you Rye, did not know this. Currently trying to contribute as much as i can to 401K (23K$) and roth for that (46K$ (69K$ - 23K$)).
After this is done, will focus on contributing to backdoor roth ira
i dont think i wil be left with money after contributing to roth 401

Statistics: Posted by iracks — Mon Aug 19, 2024 9:01 pm — Replies 24 — Views 1207

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