I just landed a job making 55,000 a year and have never had a 401k before. It is with Fidelity and I decided to do 10% in a Roth and 10% in a Traditional. I also decided to do the 2060 Retirement Date Fund, since I was not familiar with picking my own investments and what not. Finally, I did the automatic 1% increase to my contributions each year. The only debt I have is $11,000 in Student Loans and $7,000 left for my vehicle. Is this a good amount or should I probably try to pay off my loans first and then start putting more in my retirement?
Submitted August 13, 2017 at 12:55PM by holbrooka96 http://ift.tt/2wGUbNy
