2DIParticipantStatus: PhysicianPosts: 3Joined: 11/10/2017
Im a novice at best when it comes to my finances. But Im willing to learn. Im an ER physician wondering if there are any other options available for me to contribute.
I have 2 jobs which are both W2 income so 19K total 401k from those. I do not have any 1099 income and i do not have any time for another job.
I have maximized our backdoor roth and HSA.
Are there any other options for me to contribute money?
My wife has a 1099 income and we maximized her 56K already. Not sure if there is anything else we can do.
Thanks to anyone that responds.May 13, 2019 at 6:49 am MST #214215jfoxcpacfpModeratorStatus: Financial Advisor, Accountant, Small Business OwnerPosts: 7326Joined: 01/09/2016
Next is a taxable account: 11 Reasons You Need a Taxable Investment Account
This assumes you have appropriate term life and disability insurance, an emergency fund (if necessary), 529s (if applicable), and an appropriate plan for paying off debt.
Johanna Fox Turner, CPA, CFP, Fox Wealth Mgmt & Fox CPAs ~ 270-247-0555
https://fox-cpas.com/for-doctors-only/JBMEParticipantStatus: SpousePosts: 417Joined: 03/26/2018
do you have a 457 plan available from either W2 employer? otherwise, taxable account for you