Happy new year!
For the start of the 2019 new year I'm trying to re-evaluate my funds and was wondering why is it generally advised to get your employee match --> then max out your personal --> and then go back to contributing your 401k?
At the moment, I've been contributing 10% traditional 10% roth IRA in my 401k with a 6% employee match. I haven't maxed out my 2018 IRA contributions just yet because I'm a little turned off I lost money in the last quarter of 2017. I have the funds to max it out but I'm in my mid 20s and feel like I should start having cash on-hand for a future place.
Can someone please explain the benefits of doing the match, and then maxing out your personal IRA next?
Thank you!
edit 1: Thanks for the fast/helpful feedback so far.
One additional question, can someone put me to ease why I shouldn't be discouraged to max out my personal IRA despite losing money this quarter? Granted my portfolio is on the riskier side since I'm younger
Submitted January 02, 2019 at 09:41AM by Yellohh http://bit.ly/2QiWL4L
