I'm 25 and make $45,000 in a high cost of living area. I never finished my bachelors but I did get a paralegal certificate and I now work in intellectual property. Right now I'm contributing 10% to a Roth and 10% to a traditional because even after all my research, I didn't know what was best for me because I can't tell the future.
I'd like to finish my degree and will eventually move back to my hometown and buy a house in a much lower cost of living area. I don't know how much I'll be making decades down the road, and I don't know if I'll ever be able to go back to school. I don't know if that's relevant. How do I pick?
Assuming I'll continue making this amount for the rest of my life (I'd like to plan for both the worst case scenario, and lower pay in a lower COL area, plus the intellectual property field isn't really a thing there) then in 40 years that would be $360,000 contributed. Is that even enough?
Edit: Ugh. difference
Submitted August 14, 2018 at 11:52PM by Mk____Ultra https://ift.tt/2nDWwFB
