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How much do you want to have saved in your 401/IRA for retirement?
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Author: Good advice but… Date:
8/7/2021 9:49:40 AM +0/-0
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Just remember, if you already have another IRA(including a Roth) you can only contribute the same amount in total to all IRA's. Meaning, you can only put in 7,000 total if you're over 50. Not 14,000 between 2 IRA's. If you still have a 401k you can invest more money or just invest in an individual portfolio which has no limits but doesn't have the same tax advantages. Also, be aware of IRA contribution limits based on income...
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