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Money Matters
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Old 05-29-2016, 01:12 AM   #1
dynamictype
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Join Date: Mar 2004
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Tax Deferred Accounts

Max both with my full time job, was wondering what I can do with income from second job?
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Old 06-07-2016, 05:56 AM   #2
Wraisil
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If you've reached the annual contribution limits for 401k and IRA, then your only other "normal" option you might have available would be maxing out your HSA account contributions as well (if you have a qualifying health insurance plan).

After that, you can use a regular brokerage account to invest money but it won't have any tax advantages. There are some tax advantages available with some annuities, but those are a bit more complex and not suitable for many people/situations.
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Old 06-21-2016, 12:15 PM   #3
dynamictype
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Originally Posted by Wraisil View Post
If you've reached the annual contribution limits for 401k and IRA, then your only other "normal" option you might have available would be maxing out your HSA account contributions as well (if you have a qualifying health insurance plan).

After that, you can use a regular brokerage account to invest money but it won't have any tax advantages. There are some tax advantages available with some annuities, but those are a bit more complex and not suitable for many people/situations.
Spoke with the second job and since it is with the state I qualify for the 457. USAA tried to talk of Universal Life as an alternative option as well. Annuities are complex and an option also. Anything is better than allowing inflation to slowly eat at your assets
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