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re: What would you do if you were me?
Posted on 7/6/15 at 2:00 pm to STLhog
Posted on 7/6/15 at 2:00 pm to STLhog
quote:Don't assume renting is a barrel of candy and all things nice. Finding a responsible renter that pays on time, does not trash the place, etc is not always easy.
It's a nice stationary asset but at 22, its not that big of a deal paying rent. I'm 26 and don't plan on owning anything until at the very least 28 and I would really only consider buying a townhouse that has 2 units so I could use the other side's rent to pay the mortgage.
0
Posted on 7/6/15 at 2:33 pm to Salmon
Considering you're already making $75k, max out IRA contributions while you still can.
ETA: Do NOT buy a house unless you're willing to get a roommate or two.
ETA: Do NOT buy a house unless you're willing to get a roommate or two.
This post was edited on 7/6/15 at 2:36 pm
Posted on 7/6/15 at 9:50 pm to Aubs10
Only thing I would add to what has already been posted is to increase your 401k contribution by 1%/year (assuming you get around a 2-3% raise/year). If you get a promotion or change jobs and increase your pay then bump it up again by at least 1% (more depending on the increase).
Before you know it, you will have maxed out your 401k at a relatively young age. Keep putting in the max, sit back and let the time and the stock market increases work their magic.
Before you know it, you will have maxed out your 401k at a relatively young age. Keep putting in the max, sit back and let the time and the stock market increases work their magic.
Posted on 7/7/15 at 12:33 am to Aubs10
Did the OP ever say whether or not his company offered a Roth 401k option, with the same match?
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