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401K, IRA, Roth? Janice? Vanguard? WTF???
Anyone here a financial adviser that wants to advise me??? :smiley_bril:
Anyone here a financial adviser that wants to advise me??? :smiley_bril:
Is this something work related or personal? Either way, like frank said, most FCU's offer it as a service.
If company has a 401k, at least max out to any company % match.
Depending on investments and fees within 401K, max out the 401K or open an IRA. Traditional IRA if it helps your tax situation, if not, the. Roth.
Decide which one to max out first, then move onto the next.
There are benefits like having it readily available (liquid) and not taxed in case you need it with a Roth. 401K is locked or you take a loan against (not advisable) until your situation with the company changes. Roth is 2-3 days and in your bank account, which is a bad thing if you are not good with managing $.
Usually maxing out a company run 401k is the easiest approach as it's payroll deducted and tax free right off the top.... You just fill out the paperwork and sit back...
If a company matches any amount of $$$ and you're not maxing out to at least match that amount you're losing money every payday....
If you get pay raises or bonuses a percentage of all that should be put into the 401....
If you just do this, you'll very grateful you did when you get too my age.... Trust me on this one....