Congrats on the only badge you didn't pay 4

Gratz

Damn gratz man. I rooted for Scott but he's always helped me out literally as soon as i ask him haha. No hard feelings and again congratulations man. Keep up the good work

Congrats homie

grats

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Definitely deserved it and was about time you won, congratulations mate!

Congrats on MOTM

Congrats on MOTM man!

You should start saving for retirement as soon as possible. Invest as much as you can afford in a Roth IRA and 401(k). Choose an index fund with a low expense ratio (like an S&P500 index fund). Both IRAs and 401(k)s let you choose Roth or Traditional (although some companies dont offer the Roth 401(k) option). Roth means you pay the taxes up front (invest with after-tax income) and then the investment grows tax-free and you get to eventually spend it without ever paying any more taxes on it. Traditional is the opposite you pay no income tax up front (contributions are tax-deductible), but you pay taxes years from now when you cash out. So the question is Will my tax rate be higher when I retire or now? For most people the answer is higher when you retire so I recommend Roth. The current national debt and demographics mean tax rates will likely have to go higher over the coming decades for almost all income brackets. Also, as you get older you are likely to earn more money and be in a higher tax bracket. The only caveat is that you probably wont be earning much income in retirement so you may be back in a low tax bracket. Its a judgment call, but in my opinion, the best answer for most people right now is the Roth. Some people choose to hedge their bets by doing a combination of Roth and Traditional. This is a perfectly valid strategy too.

speed wrote You should start saving for retirement as soon as possible. Invest as much as you can afford in a Roth IRA and 401(k). Choose an index fund with a low expense ratio (like an S&P500 index fund). Both IRAs and 401(k)s let you choose Roth or Traditional (although some companies dont offer the Roth 401(k) option). Roth means you pay the taxes up front (invest with after-tax income) and then the investment grows tax-free and you get to eventually spend it without ever paying any more taxes on it. Traditional is the opposite you pay no income tax up front (contributions are tax-deductible), but you pay taxes years from now when you cash out. So the question is Will my tax rate be higher when I retire or now? For most people the answer is higher when you retire so I recommend Roth. The current national debt and demographics mean tax rates will likely have to go higher over the coming decades for almost all income brackets. Also, as you get older you are likely to earn more money and be in a higher tax bracket. The only caveat is that you probably wont be earning much income in retirement so you may be back in a low tax bracket. Its a judgment call, but in my opinion, the best answer for most people right now is the Roth. Some people choose to hedge their bets by doing a combination of Roth and Traditional. This is a perfectly valid strategy too.

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grats on motm mate, well deserved.

speed wrote You should start saving for retirement as soon as possible. Invest as much as you can afford in a Roth IRA and 401(k). Choose an index fund with a low expense ratio (like an S&P500 index fund). Both IRAs and 401(k)s let you choose Roth or Traditional (although some companies dont offer the Roth 401(k) option). Roth means you pay the taxes up front (invest with after-tax income) and then the investment grows tax-free and you get to eventually spend it without ever paying any more taxes on it. Traditional is the opposite you pay no income tax up front (contributions are tax-deductible), but you pay taxes years from now when you cash out. So the question is Will my tax rate be higher when I retire or now? For most people the answer is higher when you retire so I recommend Roth. The current national debt and demographics mean tax rates will likely have to go higher over the coming decades for almost all income brackets. Also, as you get older you are likely to earn more money and be in a higher tax bracket. The only caveat is that you probably wont be earning much income in retirement so you may be back in a low tax bracket. Its a judgment call, but in my opinion, the best answer for most people right now is the Roth. Some people choose to hedge their bets by doing a combination of Roth and Traditional. This is a perfectly valid strategy too.

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gz madz