Most 401k's have a Roth option now, making the main difference between the contribution limits. I have both and max them both.
8 months ago | 16
Depends on your age. I do get the matching in my 401k, and then max out my ROTH. But I am 33, and plan to retire early. Most retirement accounts have penalties and early withdrawal fees. So, I contribute to a taxable account as well.
7 months ago | 1
If your company doesn’t match your 401k, then skip it, especially if they offer lifecycle or high expense funds.
7 months ago | 0
I have a question 🙋♂️ how much should I contribute to my Roth , 457b and HYSA ? Percentage wise for each , if my employer does not match for the 457b because they contribute to our pension?
8 months ago | 0
I was putting in 401k. But after the tariff saga, I am switching to Roth. Gives me freedom in choosing a more diverse basket of things like gold and international. 401k plans are really stupid in the choices they offer you for investment.
8 months ago | 1
Perfect timing! I was planning to look into one of these today and you provided the info I needed!
8 months ago | 2
Hello! 👋 What advice do you have if your company offers 401k Roth IRA
8 months ago | 0
I Will Teach You To Be Rich
So which one do you invest in…401(k) or Roth IRA?
The simple answer is BOTH: These accounts, while conceptually different, work together pretty well.
Here are the steps you should do when investing. (Don’t worry if you can’t get through each step – do as much as you can!)
→ 1st: Max out any 401(k) match that your company provides
→ 2nd: Max out a Roth IRA
→ 3rd: Max out the rest of your 401(k)
→ 4th: If your employer doesn’t offer a 401(k), you’re not employed yet, or you still have money left over, open a regular, taxable investment account & put money there in stocks, index funds, etc.
When it comes to money, it’s very easy to end up like most people — just doing nothing. Instead, get your accounts open and follow these steps to START INVESTING today.
Use my Money Made Easy Mini Course to get started for FREE: iwt.com/money-ct
How do you feel about your investments?
8 months ago | [YT] | 232