High Earner? Here Are 3 Ways To Invest Beyond Your Roth IRA
The Roth IRA (individual retirement account) has become one of the most popular retirement savings accounts in the United States -- especially since Peter Thiel's $5 billion Roth IRA went viral. However, this tax-advantaged vehicle comes with income limitations that make it hard for high-earners to get their hands on this account. After your income exceeds the limit for your filing status, you can no longer make direct contributions to a Roth IRA.
Fortunately, the Roth IRA is not the only way to capture tax benefits. There are ways to receive an upfront tax break or preferential tax treatment by investing in alternative accounts. Although other accounts may not leave you with tax-free income during retirement, they can provide benefits that you can take advantage of right now.
Here are three ways to scoop up some tax benefits beyond the Roth IRA.
Source Fool.com
