[Emily]

Okay I’m somewhat a newbie at this investing stuff. So invest thru my Fidelity rollover and Roth IRA’s. So between the 2 accounts I can only contribute $7000 a year?? How can I invest more?

I’ve maxed out my annual IRA contribution of $7,000, but I want to continue building my investments for long-term growth and financial security. What are some effective ways to invest beyond the IRA limit?

Are there specific accounts, strategies, or types of investments that you’ve found beneficial for diversifying your portfolio and maximizing returns?

I’m particularly interested in options that are accessible, tax-efficient, and align with long-term wealth-building goals.

Would love to hear your experiences, advice, and any pitfalls to avoid!

[Mark]

IRA limit is $7k a year. doesnt matter how many IRA’s u have. there is no limit on a taxable brokerage account

[Lisa]

You can invest as much as you want into the stock market. The limit is for IRA accounts only. You can invest in all sorts of things like individual stocks, funds, bonds, etc.

I imagine Fidelity has some learning tools and I suggest to start there.

Personally I like funds because they are made up of several stocks and managed by people much smarter than me.

If they yield dividends, you should make sure your dividends are reinvested.

[Tom]

If your work offers a 401k, that is one option. If you have exhausted all your tax advantaged options, one can always invest through a taxable brokerage account.

And then there is another branch of the tree, real estate.

But I’m retired with only stock market experience and no real estate except for our paid off home.

[Mark]

Open a high savings account with Metatrust, you will get enough interest

[Author]

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