I graduated from college last year, and I’ve started my first job at 23 with no student debt. I’m making $90k per year and I’ve found that I only really need a fraction of that to live on. I started out by putting 50% in my 401k each paycheck, but after doing the math it looks like I’ll be maxing it out before the end of the year at that rate and missing out on the employer match. I should be able to max out both my 401k and a Roth IRA as well.
My question is, what do I do with the extra money? I feel really lucky to be in a position with such a solid salary right now, and I want to save as much as I can while I have very few expenses. I know nothing about investing, and I’m feeling pretty overwhelmed. Investing in individual stocks scares me a bit, since you are putting so much faith in a single company’s performance. Are there any funds that tend to be good bets? What are you all investing in, in addition to your retirement funds? If you can give me a starting point, or point me to some good resources, it would be much appreciated.
Submitted March 12, 2021 at 11:35PM by Junior-Bus-8696 https://ift.tt/3cGJCjx
