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I hope to go to grad school this next fall. Each year will be about 60k (30k tuition, 30k living expenses). My parents have offered to pay my first year tuition. Most programs do not allow you to work or have work-study options. When I graduate I expect to start earning 80k/year.

I have been out of school and working for almost 2 year now. I feel like I should put money in an IRA account to prepare for retirement now as I will not be able to do so for the next few years. I have no retirement savings through my employer.

Savings: $13000 Mutual Funds: $3000

Does anyone have any advice on where to go from here concerning opening an IRA and how much I should put in it? Or just any advice that would keep me out of crippiling debt?

I am planning on saving $1500/m until August when school would start.



Submitted March 11, 2019 at 12:14PM by plantlady010101 https://ift.tt/2tY82ik

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