Author Topic: Investing elsewhere other than 401k  (Read 1480 times)


  • 5 O'Clock Shadow
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  • Posts: 18
  • Location: austin, tx
Investing elsewhere other than 401k
« on: April 23, 2015, 07:43:50 PM »
My employer contributes 3% to my 401k even if I don't contribute, they also splash my account with a large sum annually (when they're profitable).  What other options would you consider investing in?  I'm in Texas, so Lending Club isn't an option the last time I checked...dammit!  Thanks in advance!


  • Walrus Stache
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Re: Investing elsewhere other than 401k
« Reply #1 on: April 23, 2015, 10:38:45 PM »
Are you already putting the full $18,000 in yourself? If not, I would generally recommend starting there.


  • Pencil Stache
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Re: Investing elsewhere other than 401k
« Reply #2 on: April 24, 2015, 08:15:23 AM »
For most people in most situations, tax-deferred savings plans are the way to go. That means maxing out your 401k (assuming you have decent fund choices), then maxing out individual (and if appropriate spousal) traditional IRA. If you have or are eligible for an HSA, consider that. Some people may have deferred compensation plans, the specific of your situation will dictate whether those are appropriate. And then after that, after tax savings in low cost mutual funds with Vanguard or Fidelity would be my next step.


Wow, a phone plan for fifteen bucks!