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EDGEMAN

Joined: 01/05/2001 Posts: 124899
Likes: 40451


I like going Roth early in life because you have more years...


...for it to grow tax free. Putting it into a Roth later in life just doesn't have the same earning potential.

But generally speaking, max out your employer's matching 401K every year! That's free money you don't want to lose. On top of that, set up either a Roth or conventional IRA, and try to max that out every year too. If you can swing it, put money into regular mutual funds on top of everything else.

I prefer funds over buying individual stocks because you have fund managers who track it daily. I guess you could buy blue chips that you don't have to track, but you will probably have lower returns. Everything is a trade off.

(In response to this post by `lag)

Posted: 04/19/2021 at 8:00PM



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