I am a 22 yr old living in the bay area in CA. For the coming ~5 years, I am planning on:
- front-loading my 401k to the max (employer offers true-up matching to the max)
- maxing out IRA contributions and backdooring it into a roth IRA
- maxing out my HSA as a federally tax advantaged investment account (still need to pay CA state tax)
- dumping all of those investments in each account into S&P 500
- move leftover salary into a high yield savings account (~77%)
- based on the I have $ guide, I still need to figure out what to do with the rest
My monthly expenses average around 500 according to mint (I live with family and work gives food).
Are these good ideas? Should I be investing more into retirement?
Submitted January 13, 2019 at 03:58AM by throwawaydsaguy123 http://bit.ly/2D7iMQO
