453 | From Food Stamps to FI | Theresa
ChooseFI
Maxing Out Retirement Accounts and Funding Roth IRAs for Kids
The speaker shared their financial journey, where they made after-tax contributions to the 401k and maxed out Roth IRAs and HSAs. They utilized HSAs as a retirement vehicle instead of for medical expenses, focusing on triple tax advantages. A brokerage account was opened and later consolidated with Fidelity for simplicity. The speaker also opened Roth IRAs for their kids, matching their incomes with contributions from their inherited money, emphasizing the importance of teaching personal finance to children.
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