Skip to main
#SaturdaySchool #Employer401k If you have access to an Employer 401(k) and you are not taking advantage of the full employer match ... then you really should reconsider. When contributing to the 401(k) makes your paycheck after taxes smaller ... I get how it can seem counterintuitive. But, by getting the full match first you are not only paying yourself first but getting a pay raise from your boss in the process. WHO should use an Employer 401(k): - If you have an employer match this should be the first bucket to put your money into retirement savings - If you don't have a match then consider a Roth IRA instead as these don't have monthly fees and greater control over investments - If you are a high income earner and max your 401(k) consider - After Tax Contributions w/ immediate Roth Conversions (not everyone has access to this through their work fund) WHAT is a 401(k): - A tax advantage plan through employer that can come in Traditional or Roth format - Investment selection is often limited to what the employer has access to WHERE can I find a 401(k): - Talk to your Human Resources person at your place of work WHEN should I invest in a 401(k): - Before you tie up your money in a 401(k) be sure to budget and set aside an emergency fund first - Only then, start to slowly increase contributions until you max the employer match - after this then next bucket you should do is a Roth IRA before coming back to 401(k) to max out WHY should I invest in a 401(k): - An employer match is essentially a pay raise waiting for you to take it - Roth 401(k) - nice, larger bucket of Roth money to grow tax free and have to withdraw tax free later - Traditional 401(k) - helps reduce taxable income by using Pre-Tax contributions to grow tax free, but taxable income at withdrawal time HOW do I start in a 401(k): - Talk to you HR person and if you own your own business consider looking into SEP IRA or Simple IRA Resource: For extra details watch the video - P.S.: Thank you for taking the time on your weekend to come visit my post and read it. It brings me joy knowing that you are allowing me to help you on your journey to financial independence. #TaxEfficiency #RetirementSavings #TaxTail #TheMoreYouKnow #GrowthNotGreed
Own your future.
Build your portfolio.

All of your investing.
All in one place.

Invest in stocks, ETFs, crypto, and alternative assets on Public. Transfer your account to Public and get up to $10,000.
Sign Up
Contact Us
Check the background of this firm on FINRA’s BrokerCheck.

© Copyright 2023 Public Holdings, Inc. All Rights Reserved.

Market data powered by Xignite.

Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Additional information can be found here

Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). This content is not investment advice. These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures. An affiliate of Public may be “testing the waters” and considering making an offering of securities under Tier 2 of Regulation A. No money or other consideration is being solicited and, if sent in response, will not be accepted. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. An indication of interest to purchase securities involves no obligation or commitment of any kind.

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please ensure that you fully understand the risks involved before trading: Legal Disclosures, Apex Crypto.

Dalmore and Apex Crypto, LLC are not affiliated with any of the Public Holdings subsidiaries. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more.

Fractional shares are illiquid outside of Public and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more.

All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.