Hello,
I'm a Filipina-American graduate of pharmacy from the Philippines. I'm trying to get my life and finances in order as early as now, as I was forced to move from the USA from the Philippines after the 2008 recession. We lost everything (my parents are narcissistic and in addition, bad with money). I've been trying to teach myself what I can about investing. To be frank, I know nothing other than the RothIRA and 401K.
I expect to save most of my salary--at least $85,000 USD after taxes and my car payments annually, living with some family in the USA, meals and bills paid for. I would start earning at age 23.
If possible I'd like to invest this saved income equal to two to three years ($160-240k) before I would eventually go back to the Philippines for medical school. I plan to practice and eventually settle in Germany after my training, as there is a demand for foreign doctors there and I don't see myself raising a family in the USA. I thought it would be wiser to invest whatever income I can earn young while I'll be attending school for it to accrue income and to earn work experience. I've heard about the RothIRA. Others say to forego working as a pharmacist and jump straight to medical school because the earnings I could earn as a specialist doctor would be more than the money saved in a RothIRA.
What should I do?
Submitted January 12, 2020 at 10:59PM by seeyouinbahala https://ift.tt/36ZROXG
