Tori Dunlap
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
If you have retirement accounts that are offered to you through work, that is the best place to start.
Take it.
take it because again, tax advantaged money, but also if you are at a company that will match part of that income, like we do at her first under K, I believe you do as well.
So there's something so cool about being able to say, okay, 4% match.
That means if you contribute 4% of your salary, your employer is going to match you at 4%.
So you just contributed 8%, but only did half the work that is free money.
There's nowhere that's free money anymore.
Like that's incredible.
So take your 401k, do everything you can to max it out if you can, but at least get up to that match because it's free money.
The second thing we want to think about doing is if you don't have a 401k or if you're investing or saving more than that 401k, invest in what's called a Roth IRA.
This is an individual retirement account that almost anybody can open.
And that way you can continue investing for things like retirement, which is the biggest expense of your life in a way that's going to be able to build that investment.
If you want even more flexibility, a brokerage account is going to be your friend because there's no restrictions.
There's no, well, you can only contribute this much or, you know, the...
tax reasons around it.
You can contribute millions of dollars if you have it hypothetically.
Like that is the most flexible option.
And that's kind of your order of operations in terms of where to go.
But the thing I do in all of my accounts is I buy the same investments every place I'm at.