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
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?
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