How to Prioritize Where You're Investing

Рет қаралды 12,406

Жыл бұрын

Finally defeated your high-interest debt and got your cash flow under control? This week’s episode is for you, baby!
If the 401(k) vs. IRA vs. HSA vs. everything else conundrum has you frozen with indecision, look no further than this week’s podcast episode for a framework that’ll help clarify these types of decisions so you can move forward with confidence in the new year.
Even if you feel like you’ve got a relatively good grip on your investment strategy, this refresher may help you consider things in a new (and more lucrative!) way.
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Mentioned in the Episode
The Traditional 401(k) vs. Roth 401(k) Debate: moneywithkatie.com/blog/the-f...
Roth IRA Conversion Ladder Discussed in Episode 36: www.podpage.com/money-with-ka...
The Math Behind Early Retirement: www.mrmoneymustache.com/2012/...
Research on the Human Psychology Behind Loss Aversion: www.verywellmind.com/negative...
2021-2022 Roth IRA Contribution Limits: www.schwab.com/ira/roth-ira/c...
Demographic Survey on HSAs: www.benefitspro.com/2021/08/2...
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#MoneyWithKatie #401K #IRA #HSA #investing #InvestmentPriorities #PersonalFinance

Пікірлер: 19

@user-rj5fb2nb2i 4 ай бұрын

Thank you so much for explaining retirement plans. I plan on retiring in approximately 3 yrs and need all the help I can get.

@ScottSpooner Жыл бұрын

Thank you for the discussion surrounding both the Roth IRA and the HSA account. While I've heard the terms bandied about around the water cooler, I really didn't understand what they were, or why I might want them. I appreciate you clarifying these retirement vehicles for me. I now feel more confident in making decisions about these vehicles for future retirement strategies. As always, another great episode!

@MarkoPolo8888 Жыл бұрын

Absolutely great video. Very Informative. But for me I do... 401K, Roth IRA, Taxable Brokerage Account & High Yield Savings Account.

@MoneywithKatie Жыл бұрын

Thanks so much for watching! Sounds like the perfect mix :)

@tani0152 Жыл бұрын

100% agree with your point of flexibility even if it means not taking total advantage of tax-advantage (i.e. retirement) account. Bit me a few years ago when I was focusing on retirement savings, but then struggled to have enough cash for house down payment!

@_shannons 15 күн бұрын

I do similar, but lately with also 529 account once I finally realized I can use that thing for myself. Never planned on having kids, so I never thought 529 was right for me, but I do want myself another degree or two so 529 is actually right. I wish I knew that 10 years ago.

@dr.amybacharach4044 Жыл бұрын

I'm totally behind in my viewing. :-) Quick question: How would these priorities change, if at all, if I'm also contributing to my pension? (Which I realize is now a unicorn for most.) Still important to max out 401K before moving on to other investments?

@brucebanksshow Жыл бұрын

Here's a tip Katie that I wanted to mention earlier when doing anything video with a ton of math it would be best to either split the screen and leave numbers up or don't show yourself at all. I say this because numbers go on screen and then are gone a minute later when you talk. In your whiteboard videos it was easier to follow you because most of the numbers and calculations were still on the board. I hope you see this and take this tip seriously.

@Rk-m84 Жыл бұрын

Always great content Katie. Thanks for sharing

@steveguardi Жыл бұрын

How would a 457 fit into this rather than 401? I work for a city.

@Rachel-zc8ur Жыл бұрын

Great vid. I think a CD ladder emergency fund video could be useful. I'm on a quest to learn about them now that rates are high and since I'm in my 30s, I was only a kid the last time CD ladders were popular. Just a thought!

@JohnJohn-nt9mf Жыл бұрын

I'm not sure with others. But I plan to have more income (with investment returns and retirement-Roth IRA account returns) and not working than my income right now that I am still working. That's why I prefer ROTH 401k than traditional. Correct me if I'm doing wrong guys.

@tiffanybalcarcel4428 Жыл бұрын

Some states like California don't waive the FICA tax for HSA contributions

@JessicaLaRueWanders Жыл бұрын

Thank you! Would love to hear you talk more about TSP if you guys use that with your husband!

@kchunger2 Жыл бұрын

What’s the best way to transfer a rollover ira fund to a Roth ira? The rollover IRA funds I haven’t paid taxes on.

@joc8700 Жыл бұрын

Nice video KT

@helloworldcsofficial 5 ай бұрын

learned a lot from this video. Thanks Katie! Any chance you will be doing an update for 2024? That would be great.

@matthewkoskie8880 5 ай бұрын

I think you err in your opinion that it's "almost impossible" to have a higher tax rate in retirement than as a working professional. The government will almost assuredly need to increase tax rates themselves for each bracket to account for their spending, which over a 30-ish year period for a lot of us working now may lead to significantly higher taxes.