Harness Money Tip #9

There are 3 accounts that every single employee should have.

  1. 401k – Tax Advantage retirement account
  2. ROTH IRA – Individual Retirement Account that you set up outside of your org. You may have to do a Traditional IRA if you are a high salary employee
  3. Brokerage Account – Taxable stock investment account you control

Optional but recommended if available:

  • HSA – Health Savings Account
  • 457 Plan

As an employee your goal should be to max out your tax advantage accounts and then fund you tax brokerage account.

For more tips like this check out the Harness Money Newsletter.

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