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Quick info dump on me:

  • Earning $50k per year
  • $35k in the bank
  • $12k in 401k (currently contributing 5% of my paycheck, which is not being matched by my employer)
  • ~$150k via my employer's ESOP program (not to be confused with an ESPP)
  • Not currently contributing to an IRA or Roth IRA
  • Marrying someone in a similar financial situation overall

I'm hesitant to tie up my cash into an index fund / investments, because ideally, we would like to buy a house within the next 3-5 years, and having that money available for a down-payment seems like the correct play.

My overall questions are:

  • Should I stop contributing to the 401k since it isn't employer matched?
  • Should I be allocating $6k per year to a Roth IRA, despite having $100k+ in ESOP?
  • How much of my cash, if any, should I invest into a Vanguard Index fund (given the information above)?

I've read a lot of the FAQ/wiki content, but the valuation of my ESOP and wanting to keep cash on-hand for a house is tripping up my decision making abilities a bit. Any advice is appreciated!



Submitted September 02, 2020 at 05:23PM by wholesomegames https://ift.tt/3blD60b

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