163: Open non-401k retirement account

Tax-advantaged retirement investing

Steps

Name/IDWhy/Desc/Context
Review types of retirement accounts. (164) To see which are applicable, which is best for you.
Calculate maximum amount you can contribute. (165)
Review current cash flows, decide where money for your contribution will come from. Adjust budgets. (166)
Pick firm to manage your account. (167)
Decide how to allocate your investment. (168)
Open account, set up automatic contribution from your checking account. (169)

Public Notes/Forum

MemberNotePosted

Resources

TypeNameDescriptionPrice
Article John Ameriks
Does the 4% rule hold up?
Note that the '4% rule' implies that your liquid savings at retirement be 25x your target annual spending. $0
Article Stewart, James B.
Influence of Money Market Funds Ended Overhaul
Money-market funds aren't as safe as they seem, and are hiding their risks from you. $0
Article Wikipedia
Types of individual retirement accounts
$0
Book Chilton, David
Wealthy Barber Chapter 6
$9
Investment broker T. Rowe Price
T. Rowe Price brokerage
$0
Investment Broker Charles Schwab
Charles Schwab brokerage
$0
Investment Broker Vanguard
Vanguard brokerage
$0
Investment Broker Wealthfront
Wealthfront
Software-focused investment management service $0
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