Understanding the Investing Sequence - 401(K), HSA, & Roth IRA

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Investing can seem like a puzzle, but with the right strategy, you can make the most of your money! In this video, we'll be discussing the "investing sequence" to help you understand where to throw your money first. We'll start with the 401(k) and why it's important to invest enough to claim the full match if your employer offers one. Then, we'll talk about the pros and cons of investing in a 401(k) and why it might not be the best option for everyone. Next up, we'll dive into the world of HSAs - a unique savings option with TRIPLE tax benefits. And lastly, we'll introduce you to the Roth IRA - the perfect solution for anyone looking to avoid taxes on their retirement savings. Watch now to learn the why behind the where of investing!

Millionaire Mindset Club

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The often overlooked aspect of a Roth is that one pays taxes at their top tax bracket. With a traditional IRA/401k one would pay taxes at their effective tax bracket, which can be much lower.

The Roth benefit you mention is really a function of using a low fee personal account instead of a higher fee employer account. It would be prudent to point out that fee saving benefit disappears when comparing a Roth IRA to a Roth 401k.

Employer retirement account fees are ridiculous and can easily chew up any tax savings one may receive. This is why moving a 401k to a low fee personal Rollover IRA is a popular strategy when switching employers.

samuelcieszynski

Wish I learned more about investing in high school. When will they add it to the schools curriculum?

nailac

If your employer offers a Roth403b, you would garner the employer match there first, then maximize the HSA and then contribute up to the maximum for the 403b account correct?

kimplymale

what if you don't have an employer which allows for your to put money into a 401(k)/403(b), and do contribute to an HSA (but don't max out contributions) but still contribute something, can we still open a Roth IRA and contribute the max to it?

magic