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re: Need advice
Posted on 6/18/15 at 10:41 am to birdieman
Posted on 6/18/15 at 10:41 am to birdieman
18% into your 401k while making $130,000 and you only have $50k? If you didn't start saving this year, those numbers are weird.
Take some of your cash and max out your ROTH every year. Contributing 18% for retirement is plenty.
I would buy a house that will suit your for the next 10 years. Moving sucks. Put it on a 15 year mortgage with a 20% down payment and use the extra cash flow however you want (paying extra/investing/etc.)
Take some of your cash and max out your ROTH every year. Contributing 18% for retirement is plenty.
I would buy a house that will suit your for the next 10 years. Moving sucks. Put it on a 15 year mortgage with a 20% down payment and use the extra cash flow however you want (paying extra/investing/etc.)
1
Posted on 6/18/15 at 10:47 am to TheHiddenFlask
I only increased it to 12 percent maybe a year and a half ago. I had 60k in student loans I paid off before i raised it to 12. Also I was in the airf force prior to college so I got a late start on my 401k.
This post was edited on 6/18/15 at 10:55 am
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