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Money Guy Show
Q&A with Caleb Hammer!
Dec 4, 2023
The hosts address asset allocation for young investors, maximizing 401k match, defining luxury cars, saving for retirement with after-tax brokerage account, and tackling financial health through grocery budgeting.
33:34
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Quick takeaways
- Maximizing savings rates and following the financial order of operations, including maximizing HSA and Roth IRA contributions, are crucial for individuals in their early thirties.
- When offered an unlimited match on contributions, it's recommended to take full advantage of the employer match, even if it exceeds the recommended savings threshold, while reassessing the contribution amount later on to focus on other aspects of financial planning like the tax location strategy.
Deep dives
Managing Asset Allocation for a Smooth Financial Journey
The podcast episode discusses the importance of managing asset allocation, particularly for individuals in their early thirties. It highlights the significance of saving more rather than focusing solely on investment allocation. The emphasis is on maximizing savings rates and following the financial order of operations, such as maximizing HSA and Roth IRA contributions. The episode also mentions low-cost index funds and target retirement index funds as viable investment options.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode