Investing 101

Updated: Apr 19

For most individuals, the first place to begin investing is with your employer-sponsored retirement accounts like a 401K or 403B because there's usually a match of 3-9%. This is the closest to getting free money you can ever get. All high-income earners should max out their 401K/403B (currently $20.5K/year in 2022) but low income earners, should invest up to their company match and then move on to the next important account which is a ROTH IRA. For high-income earners, you are unable to contribute directly to your ROTH IRA due to restrictions placed by the government. For a single filer making over $139K, you must do what is called a “back-door-ROTH-IRA. This is can be done by opening a traditional IRA and simply converting the funds to a ROTH-IRA a few seconds later.

Want to read more?

Subscribe to to keep reading this exclusive post.

Subscribe Now
10 views0 comments

Recent Posts

See All

So on September 13, 2022, the Consumer Price Index (CPI) reported as 8.3%. This figure shows that inflation is still high as expected. This figure shows an increase of 0.1% since last year. The Stock

Hello friends, I'm here to tell you that if the stock market crashes, you should still invest in stocks (I will be doing the same). The current volatility is an opportunity for young investors to buy