I have 1K in my savings and around 8K left in student loan debt.
I can allocate up to $900 a month from savings to other areas, like my 401K or Roth IRA.
I just paid off my CC, and so I’m unsure how to invest in this market. It looks like investing in the S+P and Extra In Roth is a better option than savings.
What the preference be:
- 401K contributions increased by $900
- Roth IRA $450, 401K $450.
- 401K - 450, S+P - $500
Or should I continue saving? I’m not sure what to do, but I have strong job security in the upcoming recession, which is why I was thinking of investing more and saving less.
I have my student loan payments restarting in January, so I’m trying to invest as much as possible before I have to pay them back.
Submitted October 14, 2022 at 02:24AM by Much-Focus-1408 https://ift.tt/6cFx5rl
