Originally Posted by
BlueSkies
-Am I undestanding correctly that you can also contribute $5500 to a Roth IRA in addition to the "Mega"? Assuming you don't hit the $189k earnings limit and have the $5500 reduced.
Thanks
Yes. Roth IRA if you are under the income limit. Backdoor Roth IRA if you are over the income limit. If you will be close for the year, just do the backdoor Roth IRA to begin with.
My preference for the extra DPSP Cash from that point on is real estate. When the real estate or other outside investments start producing income, you can look into a SIMPLE IRA as an additional method of tax deferral.
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