I just got a new job, and I can't start a 401k with my new employer until I've worked with the company for 1 year.

I have a decent amount of money in my 401k from my previous employer in a Fidelity account.

I'm set up on a monthly payment plan to max out my Roth IRA every year.

I'm used to 15% of my paycheck going into my 401k and for the next year that's not going to happen.

I'm 26, single, and have zero debt. What other options do I have in regards to saving money for the future besides putting away taxed income?

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Posted by Rhino5

Atlanta

Member since Nov 2014

28898 posts

Posted on 5/24/16 at 1:35 pm to lsutgrfan10

Exxon stock. Incredible company and dividend.

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Posted by notsince98

KC, MO

Member since Oct 2012

17979 posts

Posted on 5/24/16 at 1:42 pm to lsutgrfan10

max out your HSA. I think that is about it.

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Posted by white perch

the bright, happy side of hell

Member since Apr 2012

7130 posts

Posted on 5/24/16 at 2:30 pm to notsince98

Could he start an SEP IRA?

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Posted by lsutgrfan10

Member since Jun 2011

263 posts

Posted on 5/24/16 at 3:10 pm to notsince98

The HSA is a good idea.

I have looked into a SEP IRA but I don't think I can do that because I am not "self employed".

What are you guys feelings on investing in some blue chip, dividend paying, stocks at my age??

I'm thinking stocks like ATT, GM, KO, WMT, and AAPL and holding on to them long term.

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Posted by jeepfreak

Back in the BR

Member since Oct 2003

19433 posts

Posted on 5/24/16 at 7:39 pm to lsutgrfan10

If you're concerned about raising your taxable income just open a brokerage account and invest in mini mutual funds. If you're not worried about the tax implications, buy equity funds.

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