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Chris W. Rea
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matt b
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Advice on where to put money once I've hit the income limits on Roth IRA?

For the past few years I have been contributing to my company-sponsored 401k just enough to get all of their match, and contributing up-to-the-limit in a Roth IRA.

I've now reached the income limits for the Roth IRA (which seems like a good problem to have), which means that starting now I must find some place else to put the contributions that would have been going into the Roth IRA each year.

Is there any generally accepted advice on where the next best place is to invest money for retirement when Roth IRA is no longer an option? Seems to me like my choices are:

  • Invest back into company-sponsored 401k
  • Traditional IRA, which offers no deduction benefits
  • Invest on my own in an individual brokerage account.

I understand that no answer for advice can be truly objective or "the right answer", but I'm mostly curious if there is any conventional wisdom on what to do next.