Hey everyone, welcome back to Finance Friday, another special edition of Money Girl where I

answer your burning money questions. Today's topic comes from Bobby, who says, this year I

cut back on my expenses so I could afford to max out my 401k for the first time.

Next year, I'm fortunate to be getting a promotion and salary increase, so I plan to max out

the account again. But how should I invest extra money after using my 401k?

Thanks for your question, Bobby. It's a good one. You can use various

investment accounts after maxing out a 401k, depending on your finances, tax filing status,

and goals. This podcast will review five of the best places for your money after you max out a

workplace retirement plan, plus

terrific options when you don't have a job with a retirement plan. I appreciate you listening.

This is episode 890 of the Money Girl podcast. My name is Laura Adams. I'm an award-winning

author, financial speaker, money spokesperson, and consumer advocate.

Please reach out if you're interested in collaborating for a speaking event or PR campaign.

As always, you can reach me using my contact page at laura d.adams.com.

That's also where you can sign up for my free substack newsletter called The Money Stack. If you have a money question for the next

finance Friday show, send it to me by email. You can use my contact page at laura d adams.com

or leave it on our voicemail by calling 302-364-0308. So Bobby is in a great position. You know, if you are fortunate enough to be able to max out

a retirement account at work and still have a little money left over to invest, you're doing great.

So if you have a retirement plan offered by an employer, that should be your go-to retirement account.

Depending on where you work, the account might be a 401k, 403B, 457, or a TSP, which is a Thrift

savings plan offered by the government. Now, if you have one, I recommend first investing exclusively in your workplace

account because they've got high contribution limits and your employer may contribute

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