Hello all!
I am 21 years old and have just accepted an offer for a full time position at a great company with even greater opportunities in the future. I am still in college and will continue to work and go to school. I do not know much about investing, saving, or growing my income properly because no one has ever taught me.
I have a 401k set up through my job, they will match 10% of what I put in, and I also opened a Roth IRA account. I would like to know what percentage of my income (after bills and other necessities) I should be putting in to each, with both long term, and short term financial goals in mind; such as a house in the next 4-6 years, and a decent vacation next year.
Will I need to open other sorts of accounts to be able to invest and withdraw in that amount of time without being penalized for taking out so soon? Sorry if I’m asking dumb questions haha, but I feel like I was pushed In the deep end with no warning, and I want to do the right thing and be wise with my money. I did not expect to be able to get this job given my qualifications, but I sold myself better than my resume could.
ANY advice at all would be helpful and much appreciated, thanks guys!
Submitted September 16, 2020 at 09:30PM by jpr99778 https://ift.tt/33zgKFb
