Showerthought: Everyone says to max your 401k first, but I put $5k into a Roth IRA instead last year.

I was at my kitchen table in Austin when I saw my 401k fees were eating a chunk of my growth, so I shifted focus. Anyone else find that standard advice doesn't always fit?

3 comments

3 Comments

ericjackson2mo ago

My buddy did that after his 401k fees shocked him.

gavinwood1mo ago

Wow, @ericjackson, that's a scary wake-up call.

angela_wilson787d ago

Right? I dumped my 401k after seeing 1.5% in fees every year. That's like $1,500 on a $100k balance. Now I max my Roth IRA first. My money actually grows now.