401(k), IRA, or HSA? Here’s a hierarchy for retirement savings
If you have a fixed sum of money to invest every month or every year, which investment account type gives you the biggest bang for your buck? There are no one-size-fits-all answers, but this framework for retirement savings is a good starting point. 1: Invest enough in a 401(k)/other company retirement plan to earn matching contributions. Why: To take advantage of free money. Deprioritize if: Your 401(k) offers no matching contributions. In that case, proceed directly to N...
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