Max out your 401k for Retirement First? Or, Consider Other Investment Options First?

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Show Notes

Are you considering maxing out your 401(k) but unsure what to do next? We face this question all the time at the Sierens Financial Group so today we’ll explore if it’s wise to max out your 401(k) before investing anywhere else.

We’ll help you answer that question and tell you about all the options in this video. We’ll tell you which choices might be right for your specific situation and help you understand how your decision can impact you from a tax and liquidity standpoint.

Here’s some of what we discuss in this episode:

0:00 – Intro

2:44 – What’s on today’s show

4:33 – What’s in the news right now? Spot Bitcoin was just approved by the SEC.

8:40 – What should you know about Spot Bitcoin?

10:50 – An 85-year study from Harvard reveals the one simple element that is the key to happiness.

14:26 – Should you max out your 401(k) first, or consider other options before contributing the max?

16:13 – Reasons you might want to max out your 401(k).

19:23 – Reasons you might NOT want to max out your 401(k).

23:08 – Exploring your options and how taxes play a role.

27:00 – Jacob’s question: Should you start Social Security at 67 if you’re still working?

Thanks for checking out this episode of the podcast. If you’d like to learn more about financial and retirement planning, check out our YouTube channel here. 

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