Key points:

  1. Benefits of contributing to a 401k and a Roth IRA while you are eligible during residency:
    1. Tax Savings
    2. Roth IRA eligibility (It may be one of the last times you could meet the requirements to invest in a Roth IRA)
    3. Compound interest
    4. Stock market returns
    5. Not playing Catch up
  2. Reasons not to contribute to a 401k or a Roth IRA while you are eligible during residency:
    1. Accelerate debt payoff
    2. The need for liquid cash
    3. No employer contributions
    4. Some people withdraw money early and pay a penalty
  3. Attack your student loan debt more aggressively after graduation and take advantage of the tax benefits of a 401k and a Roth IRA while you are eligible during residency.

Read the full article here:

My Retirement Mistake In Residency

 

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