Hi everyone, I recently graduated and started my first full-time job at 23 years old and wanted some help/advice on how to plan for my future.
I have looked over the company's benefits and decided I will choose a Medical plan in which the company will contribute almost $500 to an HSA each year, but how much should I be contributing to it?
I plan on matching the company's 6% contribution to a 401(k) (in a target-date fund) for now and was thinking of increasing to 10% once I finish paying off my debts. Should I also put money in a Roth? I don’t have any experience with this so any advice helps.
My current financial situation is below:
Income: 75k
Student Loans: 7k
CC Debt: 4k
Checkings: 3.2k
I also expect about 7k-8k total from tax return and sign-on bonus within the next few weeks which I plan on using to pay off my cc debt first.
Also, are there any books or online reading you guys suggest I take a look at besides what’s already posted here?
Any help is greatly appreciated thank you!
Submitted February 16, 2020 at 07:24PM by javitheworm https://ift.tt/2V3jbNL
