Quote:
Originally Posted by lewdog
Without getting into debt management, here's how to best structure your retirement/savings planning IMO.
1) Put in an much as your need to get the maximum employer contribution match (free money) to your 401k. 2) Create an emergency fund with approximately 3-6 months of expenses. 3) Any left over money from your paycheck should be used to max out your Roth IRA. 4) After the above 3 have been met, consider a brokerage account for individual investing to continue to build your nest egg but remain rather liquid. Consider ETFs and low cost index funds if you don't have the time to research individual companies.
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I wish I could max out my Roth IRA, but that’s $458 a month. Technically $916 a month counting my fiance. That’s...not exactly possible. Yeesh