but if (big if) you're maxing out your contribution, the Roth contribution is objectively more money
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also with a Roth you can take money back out up to the amount you put in without incurring penalties
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it sounds like since Leah is in a low tax bracket rn the Roth is prolly better for her
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Replying to @arthur_affect @LeahLikesDogs
I guess I'll throw in one more tidbit, Pres Obama made the news for creating the govt "MyRA"
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Replying to @arthur_affect @LeahLikesDogs
it's a zero risk Roth IRA that can only go up, not down, but therefore grows v slowly
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Replying to @arthur_affect @LeahLikesDogs
if your finances are in really dire straits & you might need $ at any time that's a good choice
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Replying to @arthur_affect @LeahLikesDogs
oh and like the article said if you have an HSA from your health insurance put the money there first
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Replying to @arthur_affect @LeahLikesDogs
uh what else, don't do any of this if you still have outstanding student loans or other debt, pay that off first
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Replying to @arthur_affect @LeahLikesDogs
the order of operations for extra $ is debts->emergency fund in savings acct->matching 401(k)->HSA->IRA->taxable investment
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btw @HelloTheFuture does personal finance stuff full time and is cool
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