“If you have not maxed out your IRA and 401k, you can do that. With every raise, aim to increase your savings rate.”

Robert Brokamp · Rule Breaker Investing · Financial Horror Stories, Vol. 5: The All-Monster Edition

Play from 9:56
9:56

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

max out IRA and 401k contributions each year, especially after raises

Said nearby on the same subject

“Max out your 401k… 80% SPY, 20% some five-year IT fund. Turn it on to auto-reinvest and call me in 30 years.”
HB
Harley Bassman
Alpha Exchange ·
How they work 80% SPY, 20% five-year IT fund, 30-year horizon Share this moment
“Move the same holdings into a traditional IRA or 401k… that income compounds tax-deferred”
AK
Amanda Kish
Motley Fool Hidden Gems Investing ·
How they work Share this moment
“We're contributing, you know, 600 bucks a month automatically to our Roth IRAs”
CG
Cody Garrett
ChooseFI | Financial Independence Podcast ·
How they work $600 per month Share this moment
“If you're looking to make sure that you get all your money in, don't get confused with the IRA deadlines... employee contributions must be by year-end.”
SM
Stephanie McCullough
Take Back Retirement ·
How they work Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.