39. I won't go too much into compensation, but I'm in a leadership role with a large chemical company. I know my situation is not typical and that I am very lucky.
There are a number of folks here that can max out both Roth and 401k. I've always been curious as to what to do next, but didn't want to start a new thread for fear of the not-so-subtle brag.

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Posted by LSUTOM07

Baton Rouge

Member since Dec 2011

765 posts

Posted on 6/26/18 at 1:28 pm to Spirit of Dunson

quote:
I've always been curious as to what to do next, but didn't want to start a new thread for fear of the not-so-subtle brag.

I would like to hear more about this as well. Wife and I are currently in the same position. 401k's maxed, backdoor IRA's maxed, and my mega backdoor roth is maxed. We have no write-offs, so we are getting hammered on taxes at the moment.

From reading this board, Im assuming the recommendations will be RE or index funds in a standard brokerage account. I would like to hear more comments from others.

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Posted by juice4lsu

Member since Dec 2007

3697 posts

Posted on 6/26/18 at 2:27 pm to Spirit of Dunson

quote:
I've always been curious as to what to do next

First, congrats on your success to you and anyone in this situation!

My suggestion would be to begin investing in what I call a taxable investment account. You've already paid income tax on the dollars, so you'll get preferential treatment of capital gains going forward. Many times, gains can be offset through tax loss harvesting toward the end of the year. It may be worth it to talk to an advisor to begin some long term planning and thinking about what is most important to you and your family.

This post was edited on 6/26/18 at 2:28 pm

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