› Forums
Tagged: 401k
- This topic is empty.
Viewing 2 posts - 1 through 2 (of 2 total)
- AuthorPosts
- Frank
At your income level/tax bracket, choose the Roth 401k and start with a basic low cost index fund that invests in the total market or S&P 500. You can add other stuff later and you do not need any more diversification than what is already inside one of those funds.
Do not use target date funds if you don’t have to.
AngeloThe regular 401k will save you on taxes and is usually the best choice for most people. Ideally you contribute the MAX to the 401k $22,500
If you can spare more money to save and invest, open up a ROTH IRA on your own at a place like Vanguard, Fidelity or Schwab. If possible, contribute the MAX to that ROTH IRA $6,500.00
- AuthorPosts
Related Topics:
- Should I open a traditional IRA or invest in a brokerage account after maxing out my 401k and being ineligible for Roth IRA due to income limits?
- Are there income limits for a Roth 401(k) through an employer?
- Should I prioritize contributing to my Roth IRA or Roth 401k for growth?
- Pretty new to investing and just want to learn how to make better financial choices for myself and the future
- Should I allocate more to my Roth IRA with QQQ and VEA?
- Prioritize brokerage, Roth 401K, or HSA for early retirement?
Viewing 2 posts - 1 through 2 (of 2 total)
No related posts.