Right Accounts in the Right Order - Taxable Accounts & Mortgage Debt
Retirement Quick Tips with Ashley · Ashley Micciche
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Show Notes
This week on the Retirement Quick Tips Podcast, I'm talking about savings optimization. How should you prioritize your savings in 2025, saving the right accounts in the right order to get to better financial stability and long-term flexibility.
If you haven't been listening to each episode in order this week, I suggest going back because each episode is like a step on a ladder. You can't skip a step, and it's important to get the right priorities.
Once everything else is taken care of, then last step on the ladder is what to do with additional money you have left to save.
You're emergency fund and cash savings are where they should be. You're saving in your 401k and you're on track for where you need to be at this age for retirement, you have no debts other than your mortgage, and you don't have any other big goals like saving for kids college or a remodel project, or a big vacation coming up that you need to earmark some savings for.
You're in a great spot financially, so what's next? At this point it all comes down to personal preference.