He said no Roth is available. Maybe he means that they don't offer one through his employer or his income (or combined income of him and his spouse) exceed the limit to benefit from the Roth.
In any event, I'm interested in where this thread is heading. I think what the OP is asking is if he has additional cash flow to invest now, where should he put it considering he maxes out on his employer plan already? Good problem to have, but I'm curious as well. We max our employer plans and Roths. I'd love to know what to do with savings or additional monthly cash flow (which is what I think he is asking).
Correct. An IRA is not available at my workplace but I do qualify for one. I don’t make much money, but my wife and I live below our means. I have some money left over at the end of the month that I would rather invest with than be enticed to spend. I have a mortgage at 4.5 percent interest that I’m putting a few hundred extra on every month. I contribute to deferred comp and have a mutual fund. I wanted to know if a Roth is worth it for me or do Put extra money in deferred comp, mortgage or mutual funds. Thanks.
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