Where to Save for Retirement First – an IRA or 401(k)?

When it comes to saving for retirement should you fund your 401(k) or IRA first? Here are ten questions to ask that can help you make your decision.

1. Do you get an employer match?

The first question you want to ask is, does your employer match funds. It’s free money, so you don’t want to give

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Net Worth: Save From Income

This is activity 2 of 20 in the Build Net Worth in Prosperity Quadrant II trek.

The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
The trek: To build net worth.
This activity on the trek: Explore how to save from income.
Difficulty rating: Easy

This portion of the trek has activities to save from income.

Activities to Save From Income

get the 401(k) match from your employer

Enrichment and Fulfillment: Protect: Long-Term Care Insurance

This is activity 10 of 22 in the Enrichment & Fulfillment in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To use prosperity to enjoy life and give back.
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate

It’s not going to do you much good to build up your wealth if you let it slip through your fingers.

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Specia

This is activity 30 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income..
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate

It’s not going to do you much good to build up your wealth if you let it slip through

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Wealth and Prosperity: Protect: Long-Term Care Insurance

This is activity 33 of 47 in the Wealth & Prosperity in Prosperity Quadrant III trek.

The terrain: Prosperity Quadrant III (positive cash flow; positive net worth).
The trek: To build wealth and use prosperity to enjoy life and give back.
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate

It’s not going to do you much good to build up your wealth if you let it slip

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Net Worth: Protect: Long-Term Care Insurance

This is activity 20 of 20 in the Build Net Worth in Prosperity Quadrant II trek.

The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
The trek: To build net worth.
This activity on the trek: Buy long-term care insurance to protect net worth.
Difficulty rating: Moderate

It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can

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Cash Flow: Protect: Long-Term Care Insurance

This is activity 31 of 31 in the Improve Cash Flow in Prosperity Quadrant I trek.

The activity: Buy long-term care insurance to protect net worth.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
Difficulty rating: Moderate

It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way.

One

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Money Market Investing

This is activity 18 of 47 in the Wealth & Prosperity in Prosperity Quadrant III trek.

There are two reasons for having some of your investment portfolio money in a money market fund.

Asset Allocation

One reason for having some of your investment funds in a money market fund is to hedge against declines in other asset classes.  For example, if you thought there was a high probability of a stock market decline

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