this post was submitted on 03 Oct 2023
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[–] [email protected] 7 points 1 year ago (1 children)

I don't have a match but I still save in my pretax retirement account. If you don't have any available to you through your employer, please look into a Traditional or Roth IRA.

[–] droans 3 points 1 year ago* (last edited 1 year ago)

If you don't have an employer match, max out your IRA first. 401(k)s almost always come with fees while IRAs almost never do.

Your priority should be:

  1. 401(k) up to the employer match

  2. HSA. No tax on income used to fund the account. No tax if withdrawal used for a medical purpose. After you turn 55, withdrawals are treated like a Traditional IRA/401(k). If you fund it via paycheck, no FICA either.

  3. IRA

  4. 401(k)