My company only match up to 4% so I'm thinking about lowering my contribution and put the other half into other options with greater returns without the penalties. And yes checking/savings.
in that case
you want to do 4% on your 401k
only match up to your company
than switch over to your ROTH IRA (tax free gain)
it has a cap of $5,500
you have to earned at least $5,500 to put in 5,500 because it has an "earned income" requirement
so if you only work part time and make $4,000 you can only put $4,000
if you have a non working spouse, you can do $5,500 for her with your "earned income" as long as you file married jointy on your tax return
that will give you $5,500 you and another $5,500 for your spouse for a total of $11,000 yearly
get here first
for saving account: i personally use
https://www.marcus.com/us/en it has a 1.9% interest rate on saving
it's only a saving account
so you still need your local bank to transfer fund and do your checking/atm/etc....