You're saving for retirement. You're already on track to max out your 401k, but you still have

extra income that you want to save somewhere. Where should you put it? Learn all that and more

in today's episode. This is another episode of Ready for Retirement. I'm your host, James Connell,

and I'm here to teach you how to get the most out of life with your money. And now, on to the

episode. One of the nice things about a 401k plan,

outside of the tax benefits, outside of, of course, the saving and investing opportunities

is the ease of it. It's just very convenient to go to payroll, say, pull out this percentage

of money, put it into these funds, and then you really don't have to think about it

that much going forward. Sure, you should do some rebalances, and sure, you should make sure that

your allocation is up to date, depending on where you are in your retirement time horizon,

but there's not a whole lot of activity that you need to be engaged with with your 401k plan.

And this, in my opinion, is actually one of the key benefits, is the ability

to set things up, automate things, and then it's out of sight, out of mind. We don't have to

consciously think about what we're doing with the next dollar, with the next contribution.

The hard part is a lot of people, they'll come to me and they'll say, hey, I'm on track to max out my 401k, or I've already maxed out my 401k, what do I do

next? You know, the 401k, there's the tax benefits, there's the matching contributions,

there's the ease of use as we talked about. Sometimes it's overwhelming for people to think through

what do I do after max my 401k. So that's exactly what we're going to talk about in today's

episode. But real

quick, wanted to highlight the review of the week just to say thank you very much to those of you

who are leaving reviews. It's helping a lot of people find the show. So I appreciate you all doing that.

This one is from username thinking listener. The title is Learn More. It's a five-star review.

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