Planned Manswers: Should I max out my IRA, 401(k) & Roth?
Rememebr, a good 401(k) or retirement account isn't supposed to be a savings account... Tweet
Here's a rule to tattoo on your knuckles so you don't forget...
When the IRS offers you money tax-free, take it.
Hey PM, I’ve got a problem.
When I ask Google for this:
What I get is this:
But I don’t want 36 million results in .80 seconds! I just want you to tell me what I need to know!
1. First, you need to know this: The simple, yet fundamental, difference between an IRA, a 401(k) and a Roth. Click here to find out more.
2. Now apply this rule first. Take the free money from your employer. Click here to find out more.
Simple rule: Take the tax-free money from the IRS.
3. And then apply this rule: Take the tax-free money from the IRS. Click here to find out more.
4. Rinse, repeat. Every year. For the rest of your life. Why? Because as this article explains:
“Not Maxing Out Your 401(K) Or IRA Contributions Is Just Outright Stupid.”
Okay, PM, what else do I need to know?
These are the best places to go to open an IRA and Roth, according to Forbes and US News and Money:
|All three publishers
One last note: PM’s Advertising Disclosure
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