I'm trying to get a better understanding of my retirement planning options and would love some insights from this community. I'm in my mid-30s, and I've started thinking more seriously about what steps I should be taking to ensure a comfortable retirement.
401(k) vs. Roth IRA: I have access to a 401(k) through my employer, but I've also heard a lot about Roth IRAs. What are the main differences between these two, and is it beneficial to contribute to both?
Investment Strategies: With a long time horizon, I'm trying to figure out how aggressive or conservative I should be with my investments. What mix of stocks, bonds, and other assets do people typically recommend for someone in my age group?
Diversification Across Accounts: Is it better to diversify within each retirement account or have different accounts specialize in different types of investments?
Employer Matching Contributions: My employer offers a matching contribution to my 401(k). How important is it to contribute enough to get the full match, and should I prioritize this over other financial goals?
Unexpected Expenses: What are some ways to mitigate risks against unexpected expenses that could derail retirement savings?
Looking forward to hearing how others have approached their retirement planning and any tips you might have. Thanks!
