The Next Dollar Roadmap to Financial Independence - #2: Maximizing Employer Matching Contributions
Maximizing your employer’s generous matching contributions to retirement plans or other work benefits is Milestone 2 on The Next Dollar Roadmap.
Curt explains why employer-matching contributions are so valuable that they take priority over paying off debt and building a full-sized emergency fund.
We’ll also cover how you can navigate decisions like Roth vs Traditional contributions and what investments to select in your accounts once you begin investing.
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The Next Dollar Roadmap - • A Step-By-Step Guide to Financial Independ...
Starting Point: Creating A Budget - • The Next Dollar Roadmap to Financial Indep...
Milestone 1: The Uh-Oh Fund - • The Next Dollar Roadmap to Financial Indep...
Milestone 2: Take Advantage of Your Employer Match - • The Next Dollar Roadmap to Financial Indep...
Milestone 3: Pay Off Toxic Debt - • The Next Dollar Roadmap to Financial Indep...
Milestone 4: Full-Sized Emergency Fund - • The Next Dollar Roadmap to Financial Indep...
Milestone 5: Save 15% to 25% in Tax-Advantaged Retirement Accounts - • The Next Dollar Roadmap to Financial Indep...
Milestone 6: Invest for Flexibility - • The Next Dollar Roadmap to Financial Indep...
Milestone 7: Prefund Kid’s Education Needs - • The Next Dollar Roadmap to Financial Indep...
Milestone 8: Pay Off Remaining Debt - • The Next Dollar Roadmap to Financial Indep...
Milestone 9: Total Financial Independence - • The Next Dollar Roadmap to Financial Indep...
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00:00 – Start
00:44 – Keep Paying Your Bills
01:26 – The Value of Matching Contributions
02:22 – Even Bad Debts Don’t Outweigh The Match
03:02 – Savings Boost
03:27 – Compounding Interest
04:42 – Where To Get Your Match
06:22 – Roth or Traditional?
07:58 – How to Invest It?
10:01 – Other Matching Opportunities
10:34 – Health Savings Accounts
11:42 – Flex Spending Accounts
12:13 – Health Reimbursement Arrangements
12:52 – What Does This Have to do With The Match?
13:39 – Wrap Up
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👉 Our Financial Independence Playlist: • Financial Independence
👉 Our 401k Playlist: • 401(k) Accounts
👉 Our HSA Playlist: • Health Savings Accounts
👉 Our IRA Playlist: • IRAs
👉 Our Roth Playlist: • Roth Accounts
👉 Our Investing Playlist: • Investing
👉 Our Tax Efficiency Playlist: • Tax Efficiency
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👉 Our website: https://martinmoney.com/
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