I'm 25 years old, debt-free, and very new to investing/retirement savings. I'm looking for guidance on how to make the most of the money I have left at the end of each month, typically netting out to $2k after expenses. Here's what I'm doing now:
-I'm currently contributing $932/month to my company's 401k plan (no matching, through Mass Mutual's Indexselect Moderate 2055 model).
-Funneling the rest (~$2k) into a high-yield savings account
I'm wondering if I should put more towards my 401k, open an IRA, or start investing in stocks/bonds through Wealthfront. Saving for retirement is definitely a priority but I also would like to buy a home sometime in the next decade, so I don't want everything tied up in retirement funds. What do you recommend?
Submitted February 15, 2020 at 09:30PM by rubiapaulina https://ift.tt/2OXoKt7
