Reply to New life as single mom- how to optimize/will I be ok?

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[quote=Anonymous][quote=Anonymous]The money in retirement will grow slower than the money in your regular investment account and Roth IRA. Money in regular investment account is not taxed until you sell the stock/ETF and even then, it can be nearly 0% plus whatever your state tax is. You are in total control of your money here, but max out Roth first.
The money in retirement accounts, traditional IRA and 401k, will be taxed higher than long term capital gains in investment account. 
Traditional IRA and 401k have fees, rules, bad investment choices, penalties, RMD. The match and the tax deduction do not make up the negative aspect of those retirement accounts. The money you lose in the two retirement accounts, will compound forever for someone else.
Do not get sucked in by the match and tax deduction. 529 is just as bad if not worse.
Investing is not a rocket science. You will learn so much and will get much better returns than the bank/administrator. They are not allowed to invest the way that is best for you. You are. They don't know your personal situation. They do bare minimum for everyone while getting max fees.
Learning how to invest should be your focus. This is something you hand down to your kids.
$20k a year into Voo, VTI, and QQQ in Roth and regular account the next 20 years and you are all set.
I retired 5 years after I started to invest. What I learned is more valuable than the money I have now. 401k has never taught anyone anything. perhaps to stay away.
While you wait for the daycare to end, learn all about personal finance from books and even youtube.

Love this comment. Very valuable information.

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