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Posted by
Message
How should I invest extra cash?
Posted by Lookin4Par on 1/24/13 at 10:59 am00
I max out my 401k
The wife maxes out her traditional IRA
I am not able to invest in a roth due to income.
We already pay extra towards the house.
we are accumulating lots of extra cash that needs to earn interest somehow. Where should I stick it?
The wife maxes out her traditional IRA
I am not able to invest in a roth due to income.
We already pay extra towards the house.
we are accumulating lots of extra cash that needs to earn interest somehow. Where should I stick it?
re: How should I invest extra cash?Posted by Lsut81 on 1/24/13 at 11:13 am to Lookin4Par
quote:
I am not able to invest in a roth due to income.
quote:
we are accumulating lots of extra cash
re: How should I invest extra cash?Posted by Powerman on 1/24/13 at 11:16 am to Lookin4Par
So you're income is too high to invest in a roth?
re: How should I invest extra cash?Posted by Fat Bastard on 1/24/13 at 11:20 am to Lookin4Par
REAL ESTATE? private lending? tax liens?
re: How should I invest extra cash?Posted by Vols&Shaft83 on 1/24/13 at 11:21 am to Lookin4Par
I'll send you my address, lol.
re: How should I invest extra cash?Posted by foshizzle on 1/24/13 at 11:40 am to Lookin4Par
If you qualify to be an accredited investor you can have all kinds of options. Wiki it to see what's involved.
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re: How should I invest extra cash?Posted by Vols&Shaft83 on 1/24/13 at 11:41 am to Lookin4Par
Bitcoins baby
re: How should I invest extra cash?Posted by Zach on 1/24/13 at 11:46 am to Fat Bastard
quote:
REAL ESTATE?
+1
But do your home work.
re: How should I invest extra cash?Posted by Fat Bastard on 1/24/13 at 12:46 pm to Zach
quote:
+1
But do your home work.
yep. without a doubt. markets are not all the same across the country. Sometimes you have to invest where the deals are.
re: How should I invest extra cash?Posted by Lookin4Par on 1/25/13 at 5:39 pm to Fat Bastard
My advisor says I will not be eligible for a traditional Ira because of my 401k plan. Is this accurate?
I already invest in real estate but took a beating on my last deal.
I already invest in real estate but took a beating on my last deal.
re: How should I invest extra cash?Posted by BRWhoDat34 on 1/25/13 at 6:04 pm to Lookin4Par
You can always contribute to a traditional Ira up to $5k if you're under 50 regardless of your 401k. What he may be talking about is that you can't deduct your contributions from taxes. People who don't participate in qualified retirement plans can deduct contributions to a traditional Ira.
re: How should I invest extra cash?Posted by Crompdaddy8 on 1/26/13 at 4:31 am to Lookin4Par
hookers and blow
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