Better to contribute: brand new 401k or invested ROTH IRA?

Office Hours
#1

Hello!

I’ve started a new job which also means new 401k. I already have a Fidelity Roth IRA which has my previous 401ks rolled in. If I want to maximize compound wealth shouldn’t I contribute all my funds into an investment vehicle that has $$$ already in it?

Or best to split my funds and also contribute into the 401k to take advantage of the pre-tax and 6% match?

Any advice/thoughts are appreciated!

#2

Please refer to the Jeremy’s Yellow Note, https://www.instagram.com/p/CJ3mPD_rIL7/

HTH

1 Like
#3

Hi Dennis,
It sounds like you want to take advantage of more compound growth by putting all the money together? Well it doesn’t matter if they are in the same account or not, because each dollar will compound the same regardless!

2 Likes
#4

I’ll cover this in tonight’s office hours (1/13/2021) with the recording available afterwards on the course site!

If you’re not signed up for office hours, you can sign up here.

1 Like
#5

Thanks everyone! Looking forward to the discussion.