I think an obvious answer to the 401k is to make sure you are at least contributing what you employer is willing to match (free money is the best!). One thing I would say about that though is make sure to check what your employer contribution is vested in. Where I work the match is given in company stock, and even though I like where I work and have faith in them as a company, I don't like having so much of my retirement vested in only a single company stock. So every once in a while I sell some of the company stock and move it to an index fund (the index fund has for the most part given a better return anyways).

Awesome, great advice @Landon Martin! has the pandemic made managing your 401k tougher than usual? Any advice for someone trying to open up a 401k during everything that's been going on?

Besides the occasional selling of the company stock, I personally don't do any other managing of my 401k. Maybe I am in the wrong but with the limited number of funds available within the 401k itself, I just selected a target date retirement fund that changes my investments for me as I get closer to retirement age. Also, I still have 35-40 years before I reach the typical retirement age so I am just trying to ride out the storm right now since I am not too worried about needing the money anytime soon.

@landon Martin Would you recommend only matching what your company offers in the 401k? My company only matches 1%. I have this set to 7%. OR do you think I should only do 1% match and put the other 6% in a ROTH IRA? Or out the 6% into stocks? Or? Thanks in advance!

@Riva951ie I would say it depends on your personal goals and involvement with your investments. Personally I only put enough into my 401k to get the match because I am not a huge fan of the investment options that are available  to me in my 401k, and I have other goals with my investments that I wont be able to achieve if I have my money tied up until retirement age. When it comes down to saving for retirement though I currently prefer putting my money in the ROTH IRA because I am still in a fairly low tax bracket and I like the idea of not having to pay taxes on it later in life.

@Landon Martin Thank you for responding. I was also thinking about putting the additional 6% into a ROTH IRA so I can pull that out tax free 35 - 40 years from now. That way when I withdraw, I will only get taxed on the 401K and not the ROTH IRA.

Your thoughts were really helpful!

https://lowerklamathriverrafting.com

I would see this sort of post without precedent in my life, gratitude for sharing.

Independent Bangalore Escorts || Bangalore High Profile Escorts || Model Escorts in Bangalore || Bangalore Escorts Service || VIP Escorts Service in Bangalore

What an Amazing site page. How charmingly you utilize the one's terms.

Cheap Escorts in Bangalore || VIP Bangalore Escorts Service || High Profile Escorts Service in Bangalore || Erotic Massage in Bangalore Escorts || Bangalore Model Escorts

By seeing your article. It truly made me incomprehensibly satisfied considering reality I found this kind of article in any occasion gets from any spot on the spot.

Bangalore Female Escorts || foreign Escorts in Bangalore || Bangalore Escorts Service || Model Bangalore Escorts || Escorts Service in Bangalore

It's an extremely awesome gathering posting for me. I hold this website page online for predetermination.

Independent Female Escorts Bangalore || Bangalore Model Escorts || Independent Escorts in Ulsoor || VIP Bangalore Escorts Service || Escorts Service in Bangalore || Independent Escorts Bangalore