You max out your retirement accounts every year
If you can afford to put the full $19,000 into your 401(k) this year,
- you multiply your earning potential in the market,
- you can score if your company offers to "match" your contribution,
- You only pay income tax on it later, but for now your money grows tax-free.
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Week 3: Open 2 Investing Accounts
Open:
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Next:
- If your employer offers a 401(k) match, invest to take full advantage of it. Contribute enough to get 100 percent of the match.
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