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re: Financial Advisors Baton Rouge Area

Posted on 4/22/24 at 7:42 pm to
Posted by Negatiger1986
Inside the Leather
Member since Sep 2010
438 posts
Posted on 4/22/24 at 7:42 pm to
You don’t need a financial advisor. This is the playbook for you, each subsequent step pending there’s still extra money to put into each one:

- Contribute to 401k to the extent your employer matches
- Max out Roth IRA
- Contribute to taxable brokerage account

In each account put funds into low-cost diversified ETFs. Vanguard has many good options, VOO (SP500 index) and VIG (dividend growth) are 2 I personally like.

If you want to minimize your tax bill, you can lean into the 401k. If you want to build some after tax money, potentially for a down payment on a home, then you can lean in to that account. But be sure you’re contributing enough to 401k to get full employer match.

When you’ve accumulated some wealth, you can consider going to an advisor to develop a more robust strategy. The key for you at this point is to remain disciplined about saving. At 24 you are ahead of the game.
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