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  1. J

    Why get an IRA if you have a (401)k?

    @godschild08 You can work and have multiple employer plans, yes.. but you cannot put more than the max away per social security number, no. So yes if your over 50 this year, that’s $30k total, not including your match, profit sharing or a cash balance plan. You CANNOT though do a deferred comp...
  2. J

    Why get an IRA if you have a (401)k?

    @godschild08 How would you be able to max out 3 employee retirement vehicles.. you are only allowed to max one out per person.. so if you were doing the 403b ($22,500) and then your spouse the 457 ($22,500)you could not open a solo 401k and do another $22,500. You could do a Traditional or Roth...
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