Hey MMers,
I am currently 25, male, just starting my career (30k/yr) and am aiming to be financially independent / early retire around the age of 45.
I am starting the accumulation phase and am wondering what would be better to do at first (Roth IRA already being maxed):
- Contribute to 401k $5,000 yearly
or
- Contribute up to 401k match, then allocate those funds to taxable account
I assume that if I am FI by 45, I would be pulling from my taxable account, so maybe I should start adding to that taxable account first before looking to max my 401k. Obviously in the future the 401k would be maxed while additionally contributing to the taxable, but I am wondering best order of operations here.
Open to any and all suggestions and information.
Thanks!