Super quick question. I’m a junior in college. I have ~2k in my Roth IRA which I’m contributing $200 each month. (Also should mention debt free)
I currently have 7k in my savings. My parents also pay me $500/month because they cover 6 grand of my college tuition.
My expenses (rent, tuition (paying by semester in cash), IRA contributions) don’t outweigh my income so my money will always go up, during the semester of course I’ll make less compared to breaks and summers.
I want to invest most of my 7k into betterment, and then using the $500/month from my parents to keep in my savings so I don’t depete myself dry of course.
The issue is that when I graduate what if I need the money for life things? I’m going to be a teacher so I know I won’t have enough money to max my IRA and 403(b) and have leftover to put into my own account. So if I did I invest it I wouldn’t be able to contribute anymore to that account when I graduated.
Is it dumb to just throw 500-750/month into it until I have 1-2k left? And hold it until I graduate in betterment?
Submitted August 31, 2018 at 09:29AM by Punk_Zebraa https://ift.tt/2wunPqE
