As title says, starting a new job on Monday that has awesome benefits. I don't want to stretch myself too thin, but I also want to invest my money wisely and maximize my returns (don't we all) and am looking for some advice on how to invest my money accordingly.
I'll provide some information about myself that should help with any recommendations. Also, 401k is the bare minimum required to get the company match, I'm open to increasing my contribution limit if others recommend it.
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I am 29
Single
6 month emergency fund in bank
Homeowner (250k house, ~100k downpayment, 1.1k mortgage, 9 payments made)
~40k in different IRAs
5.5k in ROTH through Charles Schwab
Salary - 73k
401k - Through Fidelity. 2% contribution , 6% company match.
HSA - Company contributes 1k each year
Pension plan - If it is necessary, I can post the formula on how the plan is calculated.
I have been taking home (after taxes/contributions) ~4k per month from my current job with the same salary. After bills and everything, I'd save anywhere from 1-1.5k each month. This was claiming 0 on my taxes. With this new company, I will be claiming 2 so my paychecks should be slightly higher. 26 paychecks a year.
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So with all of that, how should I best be investing my money and on what specifically?
I've wanted to get into Real Estate and buy some rental properties, but I've read a lot of posts on here about how investing in the stock market can provide far better returns over the years.
So should I raise my 401k contribution limit? Or max the Roth each year before starting to contribute to 401k? What fund should I invest in with Fidelity?
Any guidance is welcomed and much appreciated, thank you in advance for any input.
Submitted July 19, 2018 at 02:13PM by _Hnnng_ https://ift.tt/2zTFlbZ
