Hey all,
I'm really just looking for some solid and straight forward advice for my current situation, fully knowing that I've only just scratched the surface of life as an adult. I currently work in a relatively stable position making around 100k a year, or approximately 2,300 after taxes every 2 weeks (26 paychecks in a calendar year with the possibility of a 15-30% bonus ). I currently have around 80,000 in cash assets with another 50k in my 401k (10% contribution with 5% company match) and about 2500 in my hsa.
My expenses are roughly ~1500/mo. This includes a vehicle payment(leased) rent, cell phone, utilities, etc. I definitely have my habits and spend additional income beyond the 1500 but I always manage to save at least 25% of my after tax savings in a high-yield savings account. Here are my questions for you guys:
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Should I be directing more of my income and cash holdings towards investments? I have a very conservative personality and haven't done more than play with investments using a couple grand here and there(The currently state of the market scares the crap out of me)
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Am I contributing enough to my 401k? I do not currently max it out. (HSA too? new thing for me but am interested in it heavily especially since I partake in high-risk physical activities often)
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Should I buy a single family property opposed to renting? Part of me wants the freedom to move whenever I want (Opportunities, etc) the other part understands that I have a solid position at my company and family in the area. True question: If I buy a property, how easily could I sell it and at minimum break even, what about renting it with a management company? ( I know area factors in, just looking for generic advice perhaps)
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What am I NOT considering in my youth and in this post?
Edit - It might be fruitful to add the following: Retiring early and frequent travel are absolutely goals of mine...
Thank you for taking the time :)
Submitted September 11, 2017 at 08:38PM by ScyTux http://ift.tt/2xWAyAG
