IRA dilemma : Don’t wanna wait till 60

I am 33 and work as a consultant and not enrolled in 401k as I am not a fan of waiting till the age of 60. I earn 125k an year and my wife earns 62k and we don’t have any retirement account or 401k as of now. I have stock and crypto investment from my checking bank account.

I am thinking of opening an IRA account and use it for my trading/investments, but not sure about whether to open Roth IRA or Traditional.I expect my income to grove in the next 2 or 3 years so I(or we together) may be above the salary range for RothIRA.

Any suggestions?

Posted Mar 19, 2022, 3:16 AM UTC

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