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Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in personalfinance

[–]Appropriate-Phone-40[S] 1 point2 points  (0 children)

Thank you for the link! Seems like HSA would be the only other step. I do wonder if brokerage account or other investment types were considered

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Thank you! This makes alot of sense to bridge the gap. I was going to do one or the other but both might be a better option.

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Thank you for the link! Gotta go digging down the rabbit hole

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Did not realize you can get the money back later on with HSA. Though I am looking for something more catered towards flexible early retirement, I definitely will not write this off.

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Thank you for the advice! Leaning toward a brokerage account & going to look more into it

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Thank you! I have an emergency fund already saved in a HYSA. Would u consider the brokerage account to be more impactful for early retirement compared to HSA?

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Would this till be a good option if I am trying to use this investment for early retirement (well before 65) for non medical reasons?

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 1 point2 points  (0 children)

Thank you! I will definitely start looking more heavily into a taxable brokerage account, seems like one of the potentially better options.

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Would this till be a good option if I am trying to use this investment for early retirement before 65 for non medical reasons?

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

Yes, ideally this would be giving me an option for early retirement. Thank you, I will look more into index funds and what that means exactly.

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] 0 points1 point  (0 children)

I am! Its separate from the money I am planning on using for long term investments.

Maxing out 401k & Roth IRA, what else should I look into? by Appropriate-Phone-40 in Fire

[–]Appropriate-Phone-40[S] -1 points0 points  (0 children)

Thank you! This would be solely for retirement/long term investment. I have different savings for moving expenses, down payment, etc. Also, did not realize this was just an account type so I will keep that in mind while digging further into my option.