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We have multiple investment accounts. Each of these accounts played an important role in getting us to financial independence. In this episode, we answer Madison’s question about the four different types of accounts that she has and the order in which she should fund each account.
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My employer offers a Roth 403b. Do you recommend that over a traditional (pre-tax) 403b?
honestly, the rules for HSA's scare me and 401k's have ended up so sketchy in my experience, massive fees and other shady stuff. ill always get the match in a 401k and put some in a Roth IRA but i definitely prefer brokerage accounts because of the accessibility. maybe one day ill get more comfortable one day, but being single and young with massive student loans…. i prefer a brokerage account.
Do you recommend people who have a chronic illness like an auto immune disease that requires expensive medication monthly have a hsa? Is it only beneficial for those who are healthy? I also switched from a 401k to a roth 401k last year. But was afraid to switch to a hsa from a ppo.
An action is earning money. Money management is a behavior. Increasing wealth is learning. This is the Principle.
We have HSA but it had 💰fees…no ma'am ✋. Got fidelity & put in 50% of the max.
I'm finding my company's Roth 401k. I may lose the tax deduction benefit now but I'm sure taxes are going to increase.
What did you guys end up doing with your tsp at your young age? Did you leave it with them?
Excellent Question! I have a HSA because of you guys, that I'm loading with Reits. I have a Roth IRA because of you guys. It was a video you guys did about the order of investing. I'm loving the Podcast. Thank you for your time and energy.
Roth IRA is available to everyone. I do a backdoor Roth IRA contribution each year for my wife and myself.
I like maxing out 401k and back door Roth when I leave that position
And an HSA is never taxed if spent on qualified medical expenses. It's the only account that is 100 percent tax free. It should be maxed out every year if possible.
Hello, too bad we don't have 401K in the United Kingdom
👏🏿👏🏿👏🏿👏🏿👏🏿
Love you guys, thank you for the consistent direction during these uncertain times ❤
Genuinely happy for this beautiful young couple. These were secrets formerly reserved for only a few year ago. Thanks to the Internet/Information Age and couples like you guys. The opportunities are endless. #GenerationalWealth
I love it! ♥ ❤ YUP IN 10 YEARS easily.💯🔥👌🏾
Taxes YES.❤🤫🤔
HSA. You’re going to get old one day and healthcare is only going to get expensive. Max out your HSA. Max out your HSA. Ohh by the way, Max out your HSA. Have your deductible in cash, everything else invest it in the stock market. Max out your HSA!