Are you considering maxing out your 401(k) but unsure what to do next? We face this question all the time at Rosewood Wealth Management so today we want to explore if it’s wise to max out your 401(k) before investing anywhere else, and if it is, where to look if you want to save even more.

It’s a good conversation to have early in the year as you make plans for your retirement contributions over the next 12 months. Having said that, we do understand that this is a fortunate position to be in, and not everyone will have the ability to max out their contributions this year, and that’s totally fine. We can work through strategies for different situations, but today we want to focus on those who can save at a high rate so that they’re getting the most from their investments.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:48 – Reasons to max out your 401k

5:59 – Reasons why you wouldn’t max it out

8:11 – Roth option

10:10 – Other investment options to consider

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446

Find us on YouTube: https://bit.ly/42qQ3jZ