Hello everyone.
I'm 26, and just began a new job. I will now have the opportunity to enroll in my company's Fidelity 401K plan. I predict I will have about $30,000 this year to invest in stocks, and I'm trying to determine which investment accounts to fund first.
I currently have the 401k, a Roth IRA, and a Wealthfront taxable account. I've read a number of articles on the topic and as of right now, my best guess is to do the following:
1) Max out my 401k ($18,000 + 50% employer match up to 6%)
2) Invest the remainder into the Wealthfront taxable account (balance of $500)
3) Leave the Roth IRA alone (balance of about $10,000)
Alternatively, I could max out the 401k AND the Roth IRA, and then invest the remaining funds into the taxable account. My only fear with this strategy is that by not contributing more to the taxable account, I won't have enough accessible funds when I retire early in the next 5-10 years. I also operate an LLC on the side if that makes any difference in strategy, or opens additional possibilities.