Originally Posted by
captkdobbs
I'm for increasing the DC up to the point where the company almost maxes it out for me and I'd love to see the HSA company contributions increased as well.
The problem is that the IRS determines the maximum we can put into these two tax advantaged account types. Is there any way to lobby to get these limits increased? Or are there other POST-TAX (but tax advantaged) vehicles that are not limited by 415(c) that can be our money, in our name?
I'm already doing as well as I can with the HSA, 401(k) and 401(k)ROTH accounts, protecting my earnings from taxes either now or later. I'm just thinking of options for MY money.
1) Add a back door Roth IRA to the mix.
2) You can also consider a mega back door Roth IRA. Google and Bing are your friends on that one.
3) Owning income property is the best tax advantaged vehicle outside of the accounts you mentioned. There are no 415C limits, returns are indexed for inflation, the entire asset class is tax advantaged and investments can be leveraged for greater return. It doesn't have to involve fixing toilets and painting on your days off. jasonhartman.com is a good starting place for a novice investor in single family income property. There are plenty of commercial options available in NNN leases, multifamily, RV parks, self storage and trailer parks. DYODD, etc...