As the title says, I (26M) am new to personal finance and want to start saving intelligently for retirement. I grew up very poor with little financial literacy, so having cash on hand was engrained in me since I was young. I had a good year working my butt off in sales and have $40,000 to start my savings journey!
I don’t have 401k set up yet (employer does not match), but I would still like to find a way to save/invest in ways that will also help me deduct for taxes this year (if possible). Is something like a lump sum contribution to max out tax-deferred savings accounts possible before the end of 2020?
Or is there something else you recommend I do?
Submitted December 14, 2020 at 01:09AM by justheretolearnpro https://ift.tt/3mi2Y0Q
