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
