40yo male (cdl driver) I make about 60k a year. All my life I’ve made bad decisions financially. Bought the car, the electronics etc. 6 years ago I went through a divorce and now pay 1/3 of my net in child support. Since then I’ve taken a good look at myself and been trying to turn things around.
In February I refinanced my house and got a 30year fixed 2.75 rate (no cash out). I’ve paid off all my cards and have a 760 credit score. I finally have some money in my budget to do something.
My employer has a $2k match so I emailed HR about starting that but I don’t know what funds to buy into
I’ve researched ROTH IRA and if I read correctly, there’s a max anual contribution of $6k. So I’m budgeting $500 a month to that as well.
My current mortgage balance is $115k
Which company should I go with to start my Roth and which funds should I buy with both my new Roth and employer 401k?
Should I put $200 less in the Roth and put extra against my mortgage?
Thank you in advance
Submitted September 30, 2021 at 07:43AM by jaymo54 https://ift.tt/3zUBKo6
