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@jericho1326 shouldnt be making non deductible contributions unless it's being rolled over into a roth ira promptly imo, better to just do taxable at that point youd still call roth contributions (either rollover or direct) tax advantaged even though they go in post-tax.

@mimi24 as others said, if anyone is not understanding of your financial situation then theyre not worth considering a friend. this is a good time to learn that the people you grew up with and who were your friends may not continue to be so into adulthood.

@mitchrad >What is the point then in having an IRA instead of just investing the money in stocks? you buy stocks in your tax advantaged accounts too. you mean 'taxable brokerage acc' not paying tax by putting it in a 401k, ira or hsa is one of the easiest immediate returns you can get. that's...

@paladius i don't understand why you think this. dividends are just a way to pay out profit (and less efficient in a taxable account)- if a company stops making profit or profit decreases the dividend will 100% be adjusted and companies that pay out dividends arent inherently more profitable...