Investment strategies all say the same thing
Spend less, save more, put the saved money to work and not **** with it
Spend less, save more, put the saved money to work and not **** with it
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Stocks, ETF, Funds and General Investing
- Thread starter Porter Rockwell
- Start date
Automatic index fund investment and then forget about it.
Make them low fee Vanguard funds as well.
Thanks all.
I was trying to stay general in case he's limited by a 401k or something, but yeah VTSAX ftw. Virtually all of my money is in VTSAX or similar.
Those post tax (Roth) funds are going in to my 401k. I have a choice whether to put pre-tax or post-tax (Roth) funds in to my 401k account. I chose Roth. It is oranges to oranges.
Just so you know when you say 401k account:
A traditional 401(k) is an employer-sponsored plan that gives employees a choice of investment options. Employee contributions to a 401(k) plan and any earnings from the investments are tax-deferred. You pay the taxes on contributions and earnings when the savings are withdrawn.
New changes:
https://www.investopedia.com/terms/r/roth401k.asp
A Roth 401(k) is an employer-sponsored investment savings account that is funded with after-tax money up to the contribution limit of the plan. This type of investment account is well-suited to people who think they will be in a higher tax bracket in retirement than they are now. The traditional 401(k) plan is funded with pretax money which results in a tax levy on future withdrawals.
In 92or93 the company i worked for matched 50% ; they shut down in 98 ; I cashed out and lost a third in taxes. IDK what the average is now?
Most match dollar for dollar on the first 3% or .50 on the dollar up to 6%.
Some companies match more but that is the average I see.
