I would like to know which is better ? The money is in my saving account. After maximizing the 6k with Roth IRA, the next step increasing my 401 k contribution year ( more than the match currently)is better than taxable brokerage?
Thank you!!!
I would like to know which is better ? The money is in my saving account. After maximizing the 6k with Roth IRA, the next step increasing my 401 k contribution year ( more than the match currently)is better than taxable brokerage?
Thank you!!!
Welcome @Temnite_Tefera!
Both Fidelity and Vanguard are great. I prefer Fidelity’s website, but I believe Vanguard has a more altruistic mission and business model, so I’m always happy to hear when that is somebody’s choice. But both will grow your money the same if you invest in low fee index funds, so pick whichever you prefer.
And yes, I’d prioritize maxing my 401k before I invest inside of a taxable brokerage account. The tax break is “use it or lose it” so I generally want as much money in there as possible. Here’s a breakdown of my priority of different accounts:
Thank you Jeremy ! This is very helpful !