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re: What to do with extra monthly cash flow in my scenario?

Posted on 1/15/15 at 3:26 pm to
Posted by Springlake Tiger
Uptown
Member since Aug 2006
15531 posts
Posted on 1/15/15 at 3:26 pm to
quote:

Doesn't sound like you can do any other tax sheltered accounts like a traditional IRA


I think you are limited to a $5,500 contribution to any IRA, so since I max out my contribution to the Roth, I can't contribute to a traditional.
Posted by Big Saint
Houston
Member since May 2009
1453 posts
Posted on 1/15/15 at 4:53 pm to
How are you eligible for a Roth and yet classified as a highly compensated employee? Are there different thresholds for "highly compensated" depending on the employer? Not knocking you... I know nothing on the subject.
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