I think its still worth contributing for the tax breaks, but if the fees/investment choices suck in your 401k too you might want to look into a Traditional IRA first if you meet the income limits to make the tax deductible contribution there
Hey Jay, I like the investing order. I have three of the order you mentioned, TSP, Roth and a brokerage account. So I can relate. Great video, keep them coming 👍🏾
With a one-party system like we have now, tax rates can only increase with government spending and inflation. Since Roth IRA contribution limits are so low, I'd still say max out your Roth IRA before 401k. You can still do 401K to hedge your bet.
Roth IRA lets you invest your money today and let it grow over the years until your retirement where you can then withdraw it all tax free. No income tax, no capital gains tax, etc...
@@JayFairbrother thanks for your reply. I understand that, but instead of Roth I can put in to T bills or CD with high interest rates? How much interest rate for Roth
@@ArunKLogan Roth is just the type of account, you can invest your money any way you like inside of the Roth account. Roth IRA is a powerful type of retirement account...CD's & Tbills are good for short term cash savings
