Currently, even with my match, i would need to put about 45% into my 401(k) for the next couple years to make up for all the time i missed in my early 20s paying student loans to hit 1x salary in my 401(k). This year I also started a roth IRA and have been working to max out my contributions. I also have a personal trading account worth about $24K while i wait for my picks to turn around and a 10 month safety net liquid in the bank.
With my monthly expenses I could make a 45% contribution work easily and not be strapped for cash, would just have to pull back on hobbies/saving for a down payment (have about 40K saved over the past 11ish months but want to be closer to 60, my rent is also a lot less than a mortgage would cost me right now in a semi-decent area). Would it be worth it to try to hit this 1X number by 30 or to lengthen out contributions a bit longer? It seems a bit arbitrary depending on how much money you make
Submitted June 30, 2023 at 07:45AM by blueblade408 https://ift.tt/fUIKYFy
