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re: How is my financial state at 26? Thanks for the input.
Posted on 2/14/14 at 2:55 pm to Herb484
Posted on 2/14/14 at 2:55 pm to Herb484
I would stop contributing the extra 4% on your 401k and first increase your emergency fund to at least $10,000 then pay your car off. After those are covered, I would contribute the $5500 a year. If you can do that, then I'd go back to the 401k.
I'm no expert, just my opinion.
I'm no expert, just my opinion.
1
Posted on 2/14/14 at 3:17 pm to CQQ
It's good to be dumping into retirement accounts like you suggest but that leaves him less liquid.
Not sure if OP listed his city, but rental properties are an excellent way to increase your income.
Time in the market is very important but so are the advantages of homeownership.
Not sure if OP listed his city, but rental properties are an excellent way to increase your income.
Time in the market is very important but so are the advantages of homeownership.
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