Lately some of my readers have been emailing me questions about what the best path is to take when it comes to your retirement savings. Even though it would be nice to invest in as many different types of retirement funds as possible, sometimes our ability to save money is limited, and we have to make a choice about which one to use first. So while the homepage of IRA vs 401k Central lists all the pros and cons of each type of investment, some people just want to know – between a Roth IRA vs 401k, which one should I start off with in order to get the best return? Fortunately there is a strategy to investing in BOTH that can get you the … [Read more...]
All the Great Things About Reaching Your Maximum 401k Contribution
Do you make the maximum 401k contribution to your account every year? If you don’t, you have no idea what you’re missing out on. Saving money in your employer sponsored plan isn’t just about putting a little bit away at a time with no plan or end goal in mind. It’s about using your time and the power of compound returns to create the most gain you possibly can. … [Read more...]