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You might also want to make changes to where you keep your funds as you near retirement.
When it comes to a 401(k) versus an IRA, each has its distinct advantages.
This is essentially free money.'
This is a great visual of the power of Roth accounts for a young investor.
If your employer offers a match, contribute at least enough to get the full match.
Some people in their 30s may not eligible for a Roth IRA due to income limits.
If this is the case, a traditional IRA may be a good option.
Max out contributions to your 401(k), Meyer said.
(The maximum contribution is $7,000 for 2024).
If youve maxed out your tax-advantaged accounts, consider opening ataxable brokerage account, he said.
Its also when you become eligible for catch-up contributions.
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