26 yo with ~8k in 401k, ~3k in Roth IRA, ~5k savings. ~24k student loans (at an avg around 3.5% interest)
Salary - 69K
Contributions: 401k - 6% Roth IRA - 250/mo. Savings 400/mo. Taxable Investment Account - $100/mo
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I feel very behind as I only started saving more aggressively about a year ago. Am I going to be alright on this path? I plan to continue to increase my savings as my salary increases. Currently expenses are pretty high as I live in a HCOL area.
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Should I cease monthly contributions to the taxable account and allocate that money to the Roth IRA or 401k instead? If so, which one or both? Is the benefit of a taxable account only tangible once retirement contributions have been maxed?
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Student loans have been paused with COVID. When they begin again in January, should I pay them off aggressively or more conservatively given the low interest rate?
Any help would be much appreciated.
Submitted November 29, 2021 at 06:02AM by Adorable-Citron-4086 https://ift.tt/31asr7w
