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Ideal Order Of Investing For High Income Earners

Tae Kim - Financial Tortoise 46



► Download Your FREE PDF 1-Page Companion Guide – Ideal Order Of Investing For High-Income Earners:
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Timecodes:

0:00 – Intro
0:04 – Cash
1:04 – 401k Employer Match
1:48 – Employee Stock Purchase Plan
2:54 – FREE PDF 1-Page Companion Guide
3:12 – High-Interest Debt
3:42 – Max Out 401K
4:21 – Max Out HSA
5:42 – Backdoor Roth
6:52 – Mega Backdoor Roth
7:49 – 529 Education Savings Plan
9:05 – Taxable Brokerage Account
10:10 – Real Estate
11:38 – Low-Interest Debt

► Vanguard Backdoor Roth IRA 2022 | Step By Step Guide (

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

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46 comments
@jeumd

Great stuff. Thanks! Do you have a video similar to this but if you are targeting early retirement?

@NathanCruise-f8s

I think another option is a company sponsored NQDC, my company matches just like in the 401k

@hoaksone1

Wouldn’t a Roth 401k be better than contributing to a traditional 401k? No RMDs

@somedudewithakeyboard

This is the most useful video you will see today. And maybe tomorrow.

@furiousrcj

Great video, one small caveat. You can actually take advantage of both the regular Roth and Megabackdoor if your income does not cross the upper threshold. If your employer's 401(k) plan allows for after-tax contributions and in-plan Roth Conversions, the Mega Backdoor Roth is by far one of my favorite strategies that lets you contribute beyond the standard Roth IRA limits using your 401(k). It can also double as an emergency fund that you can invest and have grow tax free!

@ChanMingMason

I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought my first house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Judith M Layton for helping me achieve this.

@Megawashu

I noticed Tae moved Roth IRA from step 4 (in a previous video) to step 7 (in this video). Wondering why.

@TaeKimFinancialTortoise

► Download Your FREE PDF 1-Page Compansion Guide – Ideal Order Of Investing For High Income Earners: https://www.financialtortoise.com/ideal-order-investing-high-income