My yearly income is now $50,000 pre-taxes. $38,000 is from my new salary and $12,000 is from a rental property that was passed to me after a tragic death in the family.
Between my checking and savings accounts, I have about $13,000 and almost $600 in a 401k, which I currently contribute 6% to (company does not yet match).
My remaining student debt is about $8,000.
I realize I am very lucky to have this financial situation at my age. I’m currently not touching the money from the rental property, and I’m saving 20% of each paycheck (6% into the 401k and 14% into a savings account).
Should I put more into the 401k or just keep going as I am? Is there something better I could do? Thanks
Submitted April 18, 2019 at 05:37PM by ShinyLaprass http://bit.ly/2UNapEr
