Submitted by [deleted] t3_z92e9f in personalfinance
Top-Seaworthiness519 t1_iyepgt7 wrote
Recommend creating the IRA (Roth and Traditional) this year (2022) and putting the max deposit in. You can decide on the investments later. I would guess your income exceeds the Roth threshold, so you need to do a backdoor Roth. Agree with maxing out the 401ks. Need a advisor to help run the numbers, but it may be better to use the 401k traditional to reduce current income taxes.
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