Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone, and welcome back to another episode of Ready for Retirement.

I'm your host, James Canola.

And today we're going to be talking about different tax-efficient investment strategies that exist after you've already maxed out your 401K.

So a lot of people

I'll see them and they're doing a great job. They're saving for retirement and they're maxing out

whatever benefit they can put into their company's 401k, which if you are under 50, you can put

it up to 19,500 per year. If you're over 50 or if you're 50 or if you're 50 or older, you can put $26,000 per year. And people will do this and they'll

max it out. And then the question becomes, if you're doing a good job of saving, what do I do next?

How do I continue to stay on track with my goals even after I've maxed out one of the main

benefits that most people know about, which is their contributions to their 401k plan if they have one offered through work. So today's episode is going to talk

about if that's the case, if you're doing that, where then should you begin looking to invest

to continue to invest in a tax efficient way? Where we're going to start with this is before

jump and right into recommendations on where should your next dollars go once you max out your 401k,

the first thing that you want to

ask yourself is what percentage of your income are you saving? If you're maxing at your 401k,

and let's assume that you are over 50 and you're putting 26,000 per year and your income is 100,000,

well, you're putting 26% of your income into that 401k. That probably means, and it's going to depend

on a few factors, but that probably

means you're going to do a good job of helping to maintain your lifestyle and the income that you're

...