I'm 24 starting a new job soon with a salary around 43000 a year.
My employer will match half of up to 6%, which I plan on at least matching. But should I contribute enough to a traditional 401k to stay in the lower tax bracket and then contribute the rest of savings into a Roth 401k or IRA? Not sure if this makes sense or not.
Also if I'm saving for a down payment on a house in the next 5 years or so, should I cut into my retirement savings for this? Or should this be from extra savings. I do have an emergency fund in a high yield savings account now.
I've been oblivious to all this since I've been working crappy jobs with no benefits for far too long. So any help and guidance is appreciated
Submitted August 13, 2020 at 08:11PM by ClosedDimmadome https://ift.tt/33YB44s
