Retirement Side Dishes to Your Thanksgiving Main Course
Thanksgiving is just around the corner, and a lot of people will be wishing you a happy turkey day. We think that’s rather fowl.
Imagine sitting down for Thanksgiving dinner and your host sets down the bird and … That’s it. No mashed potatoes and gravy, no stuffing, no candied yams, not even that weird, keto-friendly salad your cousin always insists on bringing. You might still give thanks. But you’d feel empty inside.
Just as the side dishes make the meal, your investment “side dishes” are instrumental to your retirement plan. They are vital to making sure you are properly diversified, that you are taking advantage of the full suite of incentives available to investors, and that you have enough to meet your financial goals in retirement.
For most people, your tax-deferred employer retirement plan is the center of your retirement. That’s the turkey. Of course, you should be maximizing your contributions, or at least taking full advantage of your employer match, if available.
But a traditional 401(k) or IRA alone will leave your table pretty barren. For those who have maxed out their employer retirement...