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re: Just got a new job making nearly 50k.
Posted on 5/26/16 at 2:10 am to xxKylexx
Posted on 5/26/16 at 2:10 am to xxKylexx
Do they have a 401k? Do you have to wait or can you join now? Put as much as you can to grab as much match from them as possible. Open a Roth IRA and max that out. The great thing about a Roth is you can pull out your contributions without penalty if you need them so this is a great place to park your money and earn interest.
1
Posted on 5/27/16 at 8:49 am to Sho Nuff
quote:
Do they have a 401k? Do you have to wait or can you join now? Put as much as you can to grab as much match from them as possible. Open a Roth IRA and max that out. The great thing about a Roth is you can pull out your contributions without penalty if you need them so this is a great place to park your money and earn interest.
OP glad you started this thread, I'm in pretty much the same boat.. Graduated December and making around the same.
Where is the best place to open a Roth IRA? How does it differ from a 401k? My company puts in a percentage of my salary and I can match the 401k.
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