Core Insights - Most Americans face challenges in making wise investments, but following six simple steps can significantly improve their financial future [1][2] Group 1: Investment Strategies - Maximize 401(k) Match: Employees should contribute enough to their 401(k) to receive the full employer match, which is essentially free money. For example, a $100,000 salary with a 100% match up to 5% means contributing $5,000 and receiving an additional $5,000 from the employer [3][4] - Eliminate High-Interest Debt: Prioritizing the payment of high-interest debts, such as credit card debt, can yield significant returns. For instance, paying off a card with a 26.99% APR provides an instant return on investment [4] - Open a Roth IRA: In addition to a 401(k), individuals should consider opening a Roth IRA to enhance their retirement savings. The contribution limit for 2025 is $7,000, with an additional $1,000 catch-up contribution for those aged 50 and over [5] Group 2: Additional Contributions and Accounts - Increase 401(k) Contributions: After maximizing the employer match and addressing high-interest debt, individuals should contribute more to their 401(k). The contribution limit for 2025 is $23,500 [6] - Utilize Health Savings Accounts (HSA): Contributing to an HSA is recommended due to its triple tax benefits, which include tax-deductible contributions, tax-free growth, and tax-free withdrawals, making it a powerful investment tool [7][8]