08-06-2013, 11:47 AM
BLINGMW Wrote:You could open a Roth IRA and buy mutual funds in it if you want something a little more hands-off. Then you can access much of it after 5 years. You can only contribute $5k/yr though. :dunno:FTFY
Or yes, unless you make $125k+/yr which means you cannot do a roth IRA and instead should just start giving some of your $ to me in the form of cars and motorcycles and guns. $14k limit per year please to avoid gift tax.
Roth IRAs have income restrictions, Roth 401ks do not just for clarity
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks