Is 401K Really Necessary for FIRE?

Поделиться
HTML-код
  • Опубликовано: 27 май 2024
  • Why people on FIRE still don't skip 401K or Roth IRA even if they intend to retire earlier than the normal retirement age.
    The budget app! Start your free YNAB trial today!
    ➡️ youneedabudget.a4xxmk.net/zNmqQ0
    Increase your income by starting a course in Course Careers!
    ➡️ coursecareers.com/a/FIREPsyChat
    Support the channel!
    ➡️ / @firepsychat
    🤳 Psy on TikTok, Facebook, Instagram 🤳
    ➡️ linktr.ee/firepsychat
    📖 Get Your Free Financial Spreadsheets and Resources 📖
    ➡️ www.firepsychat.com/resources
    👨‍🏫 Financial Coaching 👩‍🏫
    Schedule a 1-on-1 Session with Psy
    ➡️ www.firepsychat.com/coaching
    For sponsorships and business inquiries
    ➡️ media@firepsychat.com
    #FIREPsyChat #FinancialIndependence #RetireEarly
    🎵 Music and Sound Effects Provided by Epidemic Sound 🎵
    www.epidemicsound.com/referra...
    Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.
    Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.

Комментарии • 7

  • @FIREPsyChat
    @FIREPsyChat  2 месяца назад

    1-on-1 Coaching ➡ www.firepsychat.com/coaching
    Free Financial Resources ➡ www.firepsychat.com/resources

  • @thejamesgang25
    @thejamesgang25 2 месяца назад

    Good info! would you have the same prioritization if you have a Roth 401k available?

    • @FIREPsyChat
      @FIREPsyChat  2 месяца назад

      I would! Match > Roth IRA > Roth 401K
      Only because I have more control over my IRA than my 401K. For FIRE, we max out both Roth 401K and Roth IRA at the same time. Last week’s video showed how to withdraw from your Roth 401K early so check it out!

    • @thejamesgang25
      @thejamesgang25 2 месяца назад

      @@FIREPsyChat Fair enough. I'll be sure to check out that video!

  • @vandydandy2697
    @vandydandy2697 2 месяца назад +1

    You can take all of your money out of a retirement account tax and penalty free if you know how to fill out a tax return