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REDDIT

Mid 30s, high income, no debt besides mortgage. What should I be doing now that Roth IRA is off the table?

Looking for some guidance as I feel like I’m hitting that next phase financially and don’t want to mess it up.

My wife and I are both high earners now and recently got pushed over the income limit for Roth IRA contributions. We have no debt besides our mortgage at 5.25 percent. We’re in a great area near public transit so our expenses are pretty stable.

We share one car that’s fully paid off and barely used. I have a take home vehicle for work.

Income:

Wife makes about 235k

I make about 175k plus around 10k from the reserves

We each put in 2000 a month into a joint account. Total 4000 a month. Mortgage and bills come out to around 3800 so that account grows a bit each month.

We keep the rest of our finances separate.

For me personally:

About 8000 monthly take home after taxes and deductions

2000 goes to joint

Around 3500 goes into savings money market emergency fund and some casual investing in stocks and crypto

I am maxing my TSP and getting the 5 percent match and also contributing to a pension.

We’re meeting with a fiduciary next week but I want to go in informed.

Main questions:

What should I be doing now that Roth IRA is no longer an option?

What investment vehicles should I be looking at next?

Anything specific I should ask or watch out for with the advisor?

For context, I spent my early 20s digging out of debt and finally feel like I’m in a strong spot. Just trying to be smart about what comes next.