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

Last updated Oct 27, 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, Amazon, and other companies for just $5

Stock shares in companies you may 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 $5 or less and you can buy fractional shares so you can afford to get a piece of companies that are household names5. You can also find useful tools and guides to help build out your portfolio.

As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio.1

Want even more tools and guidance? If you choose the Stash+ plan2 when signing up, you can earn 2x stock rewards when you spend on eligible purchases!6

Sign up for Stash now

Life insurance for less - starting at just $1/day

Here's a secret: life insurance agents often push expensive policies because their commissions are tied to the policy premiums you pay. The higher the premium, the more THEY get paid.

If you want to get the coverage you need for a fair price, you can skip the agent and get a quote online. With lifeinsurance.net, you can either buy your policy online or work with an agent over the phone who will listen to your needs and guide you to a policy with the best coverage for your budget. The price you pay will be based on your age and health, not someone else's commission.

Get a free quote 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

Get paid $150 to ditch your debit card

Make sure you're keeping that $1,000 somewhere that will reward you for your money. If you're using a traditional bank account, you might not only be missing out on rewards, you're probably paying unnecessary fees.

With an Aspiration Spend & Save account, you’ll get $150 for opening a new debit card - just open an account, use your Aspiration debit card to make at least $1,000 in purchases within 60 days and you’ll get $150!3

You’ll also be eligible for up to 10% cash back on purchases and up to 1.00% APY on your balance - that's 14x the national average interest rate.4

Not to mention unlimited fee-free withdrawals at over 55,000 ATMs and best of all there’s no minimum credit score!

Sign up with Aspiration

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Stash Benefits

  • Get $10 to make your first investment
  • Invest in stocks, bonds, and ETFs
  • Fractional shares available
  • Start investing with just $1

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FinanceBuzz Editors The editors at FinanceBuzz are a team of personal finance professionals dedicated to providing readers with accurate, helpful advice.