Hey everyone, I am 27 working as a software engineer making about 165k in the bay area.lm awarded with about 175k per year in stocks. My previous job paid significantly less and didnt offer a 401k plan so after 3 years, I’ve only managed to pay off my loans and save about 40k. I want to be able to buy a house in the near future and as everyone knows they are extremely expensive in the bay area. I will probably have to sell some of my equity when I do plan on buying the house but I will likely pay lots of taxes on then and the extra cash I have not contributing to my 401k will help with the down payment. This is my first time having a 401k option and I am torn. Should I still contribute the max to my 401k with no matching or is it better to just save the money in a vanguard and pull it out to buy a house when I need it? Btw, I forgot to mention I was contributing to a Roth IRA When my salary was lower.
Submitted June 05, 2018 at 03:00AM by jszzsj https://ift.tt/2LX9pFI
