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I'm 32 years old. Between paying off my student loans and getting new job, and not having to pay for Healthcare(my company pays premium, no deductible, very good coverage), I find myself getting an extra 1k per month net.

I don't need this to afford my lifestyle, in fact just cutting down a little would save me an extra 500 a month. I don't have debt, or own a car (live in the city & use mainly public transit paid by my company), no credit card debt, mortgage. 817 FICO score now. have 3 months of paychecks in my savings account right now. But,, I increased the amount I put into savings ($400 per month to 800). I contribute currently 10% to 401k. Here's the kicker...I will only be able to work until approx age 45-55. I have Huntington's disease and will be disabled and too cognitively deteriorated to work sometime between 45-55, and my life expectancy will be around 10 years from then. So I don't even know how I'll be able to access the 401k since I won't be retirement age?

What do I do with my new extra money? Keep putting it in savings? An IRA? Invest? With small lifestyle adjustments I can start saving an and 500 a month without sacrificing things like travel. I need to think about future Healthcare and find some way to pay for my needs once I am disabled, but what's the best way to get the most out of my money?



Submitted January 30, 2021 at 03:31PM by xAshSmashes https://ift.tt/2MCtOF4

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