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      12-06-2019, 11:33 AM   #103
XutvJet
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Drives: 2011 Cayman Base, 2016 M235
Join Date: Mar 2016
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Quote:
Originally Posted by corn18 View Post
Everyone should contribute at least to the company match. That is free money. 42% of my current 401k balance is from the company match (and the growth on that match).
Agreed, put in to the match at the least. If you have good investment options in your 401K like low expense ratio/fee S&P 500 index funds, put more money in there.

- Then take other money and open a Roth IRA. Again, buy mostly low expense ratio/fee S&P 500 index funds.

- Then once those accounts are cranking and have 6 figures in them, then open a brokerage account and buy more low expense ratio/fee S&P 500 index funds, quality stocks and funds, and play around.

- Pay off your house.


Do all of this while living within your means and don't be a slave to debt or buy into the YOLO idea because the reality is you're likely living into your 70s or later.
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