Will be buying my first car, a used boxster

[steved0x]

Originally Posted by Flavor 987S

Farmer, ask yourself:

1) Do I have a garage to park my Porsche in?
2) Is all my debt paid off?
3) Will I put $17,500 into my 401K/Roth 401K this year? (assuming you are under 50 y.o. if not, add another $5,500 for the catch-up)
4) Will I put another $5,500 into my self directed IRA account

Start doing and thinking this way, and you will be rich beyond your wildest dreams!

Can you do both 3 & 4 at the same time now? Or does #4 have to be a spousal IRA?

Thanks,

Steve

Ps. First car was a late 70's pinto wagon with no ac in FL. 2nd car was a 77 fiat x1/9 I bought for $500 working at McDonald's and my friend's dad helped me fix it up