I’m 19, I get paid $31k/yr. My expenses are relatively low right now so I want to save. My employer matches 100% of my 401k contributions up to 6% which is what I am putting in. I also am buying some of my employer’s stock with a 15% match (of whatever contribution, up to $1800/yr) at about $100/paycheck (biweekly). I use that as a kind of mid-term (a few years) savings.
From what I can tell since my salary should (hopefully) go up over my career, I would benefit most from a Roth IRA. I can’t afford to max it out yet, but it’s best to start sooner rather than later right?
I don’t know there’s a lot of conflicting info out there, but I am open to recommendations.
Submitted February 06, 2019 at 03:36AM by bdonvr http://bit.ly/2Sz2OYc
