Exploit every investment opportunity you can
Sure, you can invest in your 401(k) — and you should do so at least enough to get employer matching funds, says Nola Kulig, a Certified Financial Planner with Kulig Financial Advisors in Longmeadow Massachusetts.
But why stop there?
Kulig notes that some employers will also match contributions to your health savings account. As we have written, a health savings account can be a great hidden way to save for retirement.
“Then, I would maximize IRA contributions — Roth or traditional — depending on what is possible given income,” Kulig says.
If you’re fortunate enough to have money left over, invest it in a taxable account. The more you save and invest now, the better things likely will be for you down the road.