Madison MoneySports - Personal Finance Thread

[D_Eclipse9916]

I max out my 401k w/ employer match and then put a chunk every month into my betterment account - am I leaving money on the table?

Work 401k in either Traditional or Roth: $19k (if you have let's say 2% employer match on $100k for simple sake, total of $21k) per person
Personal IRA in either traditional or Roth: $6k per person

I know you are married, so you could be putting $50k of your post-tax income a year into retirement accounts that will never be taxed on principal or interest.

Note that if you have other investments that aren't tax sheltered and "cant afford" to put $50k in of your work pay; increase your contribution to the amount between your balance and your investments and use that as your "pay" to make up for your reduced paycheck.

Roth only available if you make less than $203k married (there is a percentage basis if you are over $193k).  Based on AGI, not your "gross income".  Even if you do make more, you can backdoor your way into it.

HSA is only available on certain insurance plans.