7 Money Moves to Make if You Have More Than $50,000 in Your 401(k)

Last updated Jul 17, 2020 | By FinanceBuzz Editors
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If you've already saved $50,000 in your 401(k) — or are close — congratulations! You've prioritized saving for your future in a huge way.

With your 401(k) well-funded, you might be wondering what's next? Luckily, you've got a variety of investment options to choose from — where you go next is a personal decision based on your goals, age, and risk tolerance.

You could open an investment account and invest in stocks, bonds, or even crypto. Or, diversify your investments by adding art or real estate to your portfolio. Whether you want to actively trade or "set it and forget it", there's an option for every type of investor.

This is not investment advice, be sure to do your own research if you're going to invest.

Let's take a look at some top options…

Invest in Apple or Amazon for just $1

Stock shares in companies you trust, such as Apple or Amazon, can be very expensive for individual investors to buy.

The good news is, Stash allows you to start investing with just $1 and you can buy fractional shares so you can afford to get a piece of companies that are household names. You can also find useful tools and guides to help build out your portfolio.

For a limited time Stash will give you $5 to invest when you make your first investment.*

Sign up for Stash now

Leave your family up to $1,000,000 (starting at just $8 a month)

Life insurance isn't a traditional investment, but it's an essential purchase if you currently have anyone who depends on you or if you plan to have a family in the future. Think of it as investing in your family's future.

By getting insurance, you can help make sure your family doesn't suffer financially if something happens to you. A policy could help you make sure your spouse can pay off your mortgage, your kids can pay for college, or your aging parents can get help from a professional caregiver if you aren't there to assist them.

Buying life insurance doesn't have to be difficult. Bestow allows you to apply for a policy online in just five minutes.

You won't need to worry about a doctor's visit or doing tons of paperwork, and policies start at just $8 per month. Shop for coverage today with Bestow so you can help protect your family.

Get a quote from Bestow now

Invest in Paintings by Basquiat, Picasso, Banksy

The ultra-wealthy have been flipping art for huge profits for decades and now non-millionaires can get in on the action. Masterworks is a platform for investing in blue-chip art, an asset class that’s outperformed the S&P 500 by over 180% between 2000-2018.

Masterworks purchases multi-million-dollar paintings and divides up ownership among its members. Just like stock in a company, you can own fractional shares of artwork. If the painting sells, you make money off the appreciation.

While Masterworks requires a $5,000 account minimum to get started, you can invest as little as $20 in each work.

Skip The Waitlist: Use our link to get exclusive access to bypass the 25,000 person waitlist!

Click here to get started

Save up to $610 on car insurance

Car insurance can be expensive, so you want to make sure you're not overpaying on your current premium. Any money you save can be added to your investments.

It's easy to search and compare quotes with Provide Insurance. Think of it as Kayak, but for car insurance.

They can help match you to insurance carriers and regional agencies to help you save on your car insurance. Provide can save drivers up to $610 per year compared to their current insurance premiums.

It takes less than 5 minutes to fill out the form and you’ll receive a list of matches that show you online, email, and potentially phone quotes.

Click here to get started

Save the $250 you'll probably pay in bank fees this year

Bank fees are annoying, so stop paying them.

The average American pays hundreds in bank fees every year. There are no hidden fees with a Chime bank account - no monthly fees, no minimum balance fees, and they even offer fee-free overdraft - up to $100¹.

And no fees doesn't mean no features. With Chime, you can build your savings faster by automatically rounding up your purchases, plus get paid up to two days early when you use direct deposit².

Apply online in just two minutes — there's no credit check required.

Sign up for Chime now

Get A Free Stock Valued at Up To $200

Robinhood is a great option for both new traders and seasoned investors.

With Robinhood it’s completely free to buy and trade stocks, options, and cryptocurrencies. All trading is commission-free with no account minimums or maintenance fees. They’ll even give you a free stock in a company like Apple, Sprint or Ford.

Sign up using the link below and Robinhood will add 1 free share of stock (valued at $2.50 to $200) to your account when your brokerage application is approved.

Sign up for Robinhood now

Invest smarter with cutting-edge investing tools and data

Institutional investors used to have an edge with all their proprietary, high-quality market data. Now investors like us can also have access to all that game-changing market info.

In today's volatile markets, it's smarter than ever to thoroughly understand your investments. With Atom, you can get your hands on financial news and reporting including historical financials, real-time quotes, detailed analyst consensus estimates, SEC filings and transcripts, curated news, and more. Plus, you'll be able to track all your investments in one place.

Atom is free to install and it's available on iOS, Android, and the web.

Get Atom now

Bestow Benefits

  • Leave your family up to $1,000,000 in life insurance
  • Apply for a policy in under 5 minutes
  • No medical exam required
  • Policies start at just $8/month