Ask Paula: How to Invest When You’re Unsure of the Goal
Afford Anything
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Are You Eligible to Make a Back Door Roth Ir a Contribution?
Rachel, if there's a reasonable way for you to pour more effort into increasing your side gig income, particularly this year when you can't contribute to your employers retirement funds. It's certainly the best opportunity she has. The thing that concerns me is that her self employment income is only a few grands per year, so it's not really going to be a significant amount of money. I think i like the idea of her having that open anyway, because it gives her some flexibility if she ends up later on pursuing her side hustle even more.
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