Hello everyone, I currently make about 12k per year doing part-time work as a student. I live alone and pay for my own rent, food, and some other bills. Most of my income is absorbed by these expenses and I typically have ~$100 leftover, which usually goes toward entertainment. I will be graduating in May and intend to move back in with my parents. This will result in a large reduction in my expenses, as I will likely not have to pay for rent or food. To make things better, I am signing on with a company starting at a 65k salary. The benefits include medical, dental, and vision insurance. Furthermore, the company will match me dollar for dollar on my 401k contributions, up to 5% of my salary.
I have ~70k of student debt, co-signed by my parents and they are likely paying off most of this but I would like to contribute some. I have not started any retirement accounts. What is the right path for me? I was considering maxing out my 401k and maybe an IRA.
Submitted March 21, 2019 at 12:36AM by Cjg117 https://ift.tt/2JuzXB3
