Another investment needed

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Possibly look into tax sheltering. Trusts may be a good idea

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Trusts are taxed at a much higher level than individuals on income from what I understand.

I can send you my address to mail checks to.

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Impressive savings for someone who qualifies for a Roth.

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We've managed to stay under the threshold but you made a good observation. It looks like we will have to switch future contributions over to a regular IRA in the next year or two.

Which makes me wonder if we should just put that money into something else instead since there are absolutely no tax advantages that I am aware of for me to continue to do this once I can't stay under the AGI threshold.

We're able to save at this rate because we have no mortgage and the 401k contributions don't count against AGI which has kept me under the Roth threshold.

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Impressive savings for someone who qualifies for a Roth.

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That is some damn subtle MB shade-throwing

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VABuckeye

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Howtf old are you?
and
wtf do you do?

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wtf do you do?

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I own and operate a cabling company in the most data center rich environment in the world.

If you don't want to own real estate, perhaps you can look into privately traded REITs. Nice dividends and there is usually a tax advantage since some of the dividends are considered a return of capital due to depreciation. They are relatively risky investments, but it appears that they will only be a small portion of your overall portfolio.

Also, I'd look into individual muni bonds rather than bond funds. Federal and potentially state tax breaks from the interest.

I'm somewhat at a loss finding anything that will give you immediate tax breaks.

ETA: if you're maxing out your 401k, I assume you're talking about the $23,000 cap for employee contributions. If you own the company, perhaps you can consider increasing the employer contributions for everyone, and/or taking home a smaller income and keeping more in the business.

You're heavily invested in stocks. I'd consider real estate or bonds to diversify. Sounds like you can actually do both - buy a rental house and get some bonds that you can just sit on & collect the relatively safe 5-7% depending on what you choose.

Just put in the market. Liquid, margin available. You might consider low dividend paying stock to minimize ordinary income.

Put it to debt reduction if you have any.

I do think sometimes people over emphasis the need to avoid taxes.
Oh sure it is a consideration for everyone but there is no need to pass up good investment opportunities because you going to have to pay taxes on the profits.

That said if you have kids you might max out a 529 plan for college.

Why DRIPS? As cheap as you can buy stock now what advantage are you getting from DRIP? Don't you have to transfer those stock into a brokerage account to sell them?

FTW I do my most speculative stock investing in my retirement accounts since that involves moving in and out of stocks more frequently for me. I want my gains non taxable. Of course if you have loses in retirement accounts there is no point to having them---particularly ROTHS--but that is a risk I take. I buy and hold in taxable accounts.