Tag: Financial Independence

Hi friends, My husband (39) works a remote job that is very flexible and comes with basically zero stress. He can work from anywhere. I (35) work an in-office job that is high stress. I make a lot of money (Base comp is great, and I receive stocks and bonuses 1-2x a year) and "enjoy" working but am looking forward to the idea of doing Barista FIRE in hopefully the next few years. We have a daughter (2.5 years) and may or may not have another child. We live in Austin, TX and are eager to move after I quit my current job. Our main motivation to move is that we want a different lifestyle--Austin isn't exactly the best city for those who wish to spend a lot of time outside year round. We have plenty of other reasons to move, which I won't go into here (BTW, Austin is a WONDERFUL city for a lot of people, I was born and raised here, it's just not "me" anymore). My question, is for those who have left the city you FIRE'd from, permanently or temporarily, what were all your considerations regarding where to go? I am making a spreadsheet and want it to be very robust to help us narrow down what feels like a very sizable list of cities and states. There are some things that are obvious for us, like...what is the weather like, how lush/green is it, what is the COL, are quality grocery stores available, etc. But there are things I know I am not thinking of, and I'd love to hear that from you. PS: Also open to hearing about cities you love, and why! That isn't the purpose of this post BUT I'm interested. TL;DR: What are all the things a young family of 3 should consider when moving to another place after FIRE-ing? submitted by /u/lanez0r [link] [comments]

I'm about to hit the last major milestone before I hit FI. Curious on how folks have celebrated their major milestones. Especially ones that delivered more value than expected. I do travel a good amount already so would be interested in unique travel experiences. So far I'm thinking of - 3 michelin star meal, or a lovely ceramic bowl from local artist. submitted by /u/JoshRTU [link] [comments]

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…every week, I receive my earnings and I share them by Paying It Forward (PIF) to other members. This week “Jacobs” is the winner…Continue reading on Medium »

Has anyone done the analysis of SWR based on portfolio earnings? For example, you can spend 75% of your portfolio's initial earnings adjusted for inflation. So if you have a $1mm portfolio with a PE of 25, the earnings are $40k, and the safe withdrawal level you can adjust for inflation is $30k. It seems like this would give more stable numbers compared to portfolio value especially if you use the 10 year CAPE to smooth out the earnings calculation. ​ submitted by /u/rjdevereux [link] [comments]

Leftcoins has a plan for everyone. Starting from 2.5% up to 4.7% daily ROI with compounding.Continue reading on Medium »

In today’s busy world, many folks are looking for quick ways to earn extra cash. The good news is, there are plenty of ways to make money…Continue reading on Medium »

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

Making extra money on the side can help pad your wallet, whether you want to pay off debt, build up an emergency fund or fund a family…Continue reading on InsiderFinance Wire »

Finding the best strategy to make money in 2023 demands a smart approach and agility in an ever-changing economic market. Individuals are…Continue reading on Medium »

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The internet has transformed the way we earn money, offering quick and accessible opportunities for those seeking to boost their income or…Continue reading on Medium »

In today’s fast-paced world, the need for quick access to money is a common requirement for adults facing unexpected expenses, seeking…Continue reading on Medium »

In today’s digital age, individuals are constantly seeking new avenues to grow their wealth and secure their financial futures. With…Continue reading on Medium »

In an era where financial stability and securing one’s future are paramount, generating passive income has become a key goal for many…Continue reading on Medium »

Elephant Money is in the process of minimizing its exposure to BUSD. This Medium post will serve as a changelog of what we are doing to…Continue reading on Elephant Money »

A strategic approach and consistent effort. Here are steps you can follow to achieve this goal:Continue reading on Medium »

Today’s fast-paced digital world has created a wealth of alternatives for anyone seeking financial independence and income online. Digital…Continue reading on Medium »

Have you ever wished that your money account will magically expand while you sleep, relax on a beach, or binge-watch your favorite shows…Continue reading on Medium »

Does anyone know how to find out approximately how much one should expect to be paid from Social Secuirty in the US? From their website they give me an estimate but it assumes I’ll work until 65. I’m trying to find out a better estimated assuming I only put in what I have up to this point. submitted by /u/jjmmzz [link] [comments]

I'm interested to hear how many people in this community, with kids, are working toward financial independence with a single income. Why did your family make this decision, how long have you been doing it, and how's it going? Happy to hear from those bringing in $250k per year, but I'm particularly interested to hear from those doing this on a more modest income. submitted by /u/InSalehWeTrust [link] [comments]

It occurs to me that the best tax strategy may be to change houses and "upsize" as soon as equity grows to $500k (or whatever the capital gains exclusion cap is). Of course, sounds like kind of a pain too. Anyone use this strategy? *Edit typo submitted by /u/TacomaGuy89 [link] [comments]

I feel like I'm behind compared to folks in my area (VHCOL) and stories in this sub and wanted to get some thoughts from the folks here. My family HHI is $250k (Dual Income with Kid) and we are in our mid 30s. Net worth w/o House Equity (RE + After Tax Accounts): $1.1M Net Worth w/ House Equity: $1.5M Saving rate is about 70% of gross, but expect cost to go up with childcare. ​ How is this compared to folks on here on average? Compared to my peers group, we look to be behind. Their HHI average around 400k+ which yield significantly higher spending and saving power. The average salary I seen on posts here seems to be $250k individually (also at younger age like late 20s), and about double that if DINK. Looking to retire in about 10 years, but that looks like it'll be a lean FIRE with a kid, as compared to other irl and in this sub, and looking at inflation. Just wanted to get folks thoughts on here and see if my perspective on our progress is grounded. Also any tips and advices on improving progress on the FI journey is welcomed. Should I devote more resources/time on boosting income and grind harder for a more comfortable/earlier retirement or ride this out? Thanks for reading. submitted by /u/SlowLane_FIRE [link] [comments]

FYI, there's a bill that just passed a House Committee to pretty much double HSA contribution limits. If passed, would this change your investing calculus? ​ Changes in HSA Modernization Act (H.R. 5687) Contribution limit boosted. In what might be the most significant change from the two bills is a provision in H.R. 5687 to increase the HSA contribution limit to equal the sum of the annual deductible and out-of-pocket limitation permitted under a high deductible health plan (HDHP). For instance, in 2023, the basic limit on annual contributions that can be made to an HSA is $3,850 in the case of self-only coverage and $7,750 in the case of family coverage. Under the proposal, the basic limit for 2023 would be $7,500 for self-only coverage and $15,000 in the case of family coverage. In addition, as under present law, the basic contribution limit is increased by $1,000 for an eligible individual who has attained age 55 by the end of the tax year. The proposal would be effective for tax years beginning after 2025. The Joint Committee on Taxation estimates that this provision alone would cost an estimated $44 billion over 10 years. Spouses permitted to contribute “catch-up” funds into the same HSA. Another key provision in H.R. 5687 is to allow both spouses to make catch-up contributions to the same HSA. Under the proposal, if both spouses are eligible for catch-up contributions and either one has family coverage under a HDHP, the annual contribution limit that can be allocated between them includes the catch-up contribution amounts of both spouses. Thus, for example, the spouses may agree to have their combined basic and catch-up contribution amounts allocated to one spouse to be contributed to that spouse’s HSA. The proposal would also be effective for tax years beginning after 2025. Changes in Bipartisan HSA Improvement Act (H.R. 5688) Contributions permitted if spouse has health FSA. Under this change, contributions could be made to an HSA if the individual’s spouse also has a health flexible spending arrangement (FSA). As such, for purposes of determining whether an individual is eligible to contribute to an HSA, coverage under the employee’s spouse’s health FSA would be disregarded. To qualify, the aggregate reimbursements under the health FSA for the plan year must not exceed the aggregate expenses that would be eligible for reimbursement under the FSA if the expenses were determined without regard to any expenses paid or incurred with respect to the otherwise HSA-eligible individual. FSA and HRA conversions to fund HSAs. In addition, H.R. 5688 would permit certain amounts in a health FSA or health reimbursement arrangement (HRA) to be rolled over into an HSA. This provision apparently would resurrect a provision from the Health Opportunity Empowerment Act of 2006 that expired in 2012. Under the proposal, a distribution from an employee’s health FSA or HRA contributed directly to an employee’s HSA would be considered a “qualified HSA distribution” also provided certain conditions are met. The aggregate amount of qualified HSA distributions may not exceed the total annual limit on FSA contributions ($3,050 in 2023) or twice this amount in the case of an eligible individual who has family coverage under a high deductible health https://www.napa-net.org/news-info/daily-news/house-lawmakers-approve-legislation-dramatically-expand-hsa-limits submitted by /u/renegadecause [link] [comments]

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

In today’s fast-paced world, the pursuit of easy ways to make money is a common goal. Whether you want to supplement your income, save for…Continue reading on Medium »

In an age of financial aspirations and growing expenses, the desire to find easy ways to make money is a common pursuit. Whether you’re…Continue reading on Medium »

In today’s fast-paced world, there’s often a need for quick cash to cover unexpected expenses, indulge in a splurge, or save for a…Continue reading on Medium »

LCOL Income: 110k. Age: 28. Current 401k: 100k (100% pre-tax). Roth IRA: 15k. HSA: 3k. C/S: 10k. Contributions 401k: 22.5k pre-tax (max) Roth IRA: 6.5k (max). HSA: 3.85k (max). Equity. 3 SFH at 3-3.75% with roughly 150k equity, 1 being prim residence. Debt. 20k student loan @ 4%. (No interest in paying this off, gambling on forgiveness is worth the 4% over 10 years imo). What’s the next move I should make with additional leftover cash? I struggle to save into HYSA without any form of automation. I.e lifestyle inflation hits hard. Take home is roughly 52k after the above. Not including food, mortgage and other common bills leave ~25k. Are post-tax contributions the next logical thing? Is spending ~ 25k as a single 28 y/o at 110k salary living too large? submitted by /u/KingFaty [link] [comments]

Not sure if this post belongs here but yeah, since I graduated high school I been wanting to save but had poor self control for a couple years. I’m now 21 and have been aggressively saving money for about 9 months now, and I mean some straight cheapskate shit lol. I always find a way to get stuff for free (other than stealing obv), my friends make fun of me all the time for how much I penny pinch and honestly it feels like a game to me to see how little I can spend. After a short 9 months I finally reached a big goal for me and it feels great. I thought 10k was gonna feel amazing when it happened but it was quite underwhelming, was worried 20 would be the same but man I can’t describe the joy I had when I deposited the last paycheck needed and saw the big 20,000. No real point in this post lol but yeah 🤣 On to 30k! submitted by /u/Redditor999420 [link] [comments]

Book Summary: Your Money or Your Life by Joe Dominguez & Vicki Robin This book changed my life when I first read it almost 20 years ago. Yet, I do not think I followed its advice after reading it. I recently relocated in April 2023 for a new job I am still in, and in process of deciding how I will FIRE. I have 3 degrees I have used to build a 30 year career (as of 2023) in public service. I earned PSLF in June 2023 & am so grateful I did. I want to make the most of that gift to now be free to use my time, my health & my energy away from past experiences to a life grounded in higher daily value of my time so I can finally use work and residual income to work to live. I have to relearn how to live away from my prior mindsets drilled into me by work & family obligations/responsibilities to making more options that serve me first, support family where needed as I plan to support chronically ill immediate family members (older sib - well employed with 2 children but financially irresponsible), parents with great self-supporting pensions but minimal savings/inheritance/estates including the house we grew up in which will be left to me but it’s in an area that I may not want to live in my myself). In brief, I turned 50 in 2023. I am single, never married, no kids, no pets. The past 2-3 years I experienced severe perimenopause symptoms which upended the life I had built for myself. I had to leave the job I thought I would retire from & had been in 8 years. I was offered, accepted & quit after 8 months a job in the same institution as my prior job, that doubled my salary but wasn’t the right fit. I sold the house I had owned & lived in for 8 years to a broker who paid off my mortgage (but I couldn’t earn a profit like if I had the resources, time & energy to sell it myself). In the midst of all this, after the relocation, I had about $40K in debt (there were two short periods of unemployment over this time of about 8 months total that I took out high interest, non-early repayment penalty loans to get by). I decided to take out $53,000 at 20% pre-tax nterest from my pension to pay the loans off. I have $9000 of that withdrawal left, in savings now as I determine next steps. My health has changed where I can’t do the 40 hour workweek industry grind anymore. Knowing this, I asked myself what I would like most to do if I had to work the rest of my life, and I decided on a new industry. I began taking certifications in the new industry: one national Cert I am on track to complete by July 2024; one state Cert I just completed, one international Cert I am on track to finish in February. I also was recently accepted into a city/state/nationally funded/resourced 12-week business startup training program where I will be trained & coached to start my business & register it with the state by the time the training program completes in early December 2023. Graduates have the opportunity to apply for a business micro loan of $50,000. I am building an emergency fund from my current job’s bi-weekly pay: this has taken longer than I thought it would to start due to family obligations. Yet, I am focusing upon it from advice learned from resources below. I do not have a true savings. I have about $5000 left in my 401K I will not touch unless I roll it over into a new IRA (depending on how I setup my business structure). I found CheapRVLiving on YouTube after being in several subreddits related to tiny home living & learned the annual budget I need to aim for to sustain the least expenses necessary for a life I can lead to the end of my life if I choose. I have a friend of over 30 years whom I could RV park near & I am setting up how I would secure home health care if I needed. My current job is a deeply unhealthy & dysfunctional work environment I was hired to take over and succeed the current founder. Current founder is applying for a 4 month sabbatical grant (decision coming Dec 2023). Current founder has not established what myself & our small team of 3 need to truly move the nonprofit forward without her. Our small team (including 2 salaried employees where this is their first career job) are committed but are navigating burnout/deciding if they will stay. I know already I am going to leave: I just don’t know when. Was trying to stay on until I could find & secure a replacement - I do not think I can do that. Instead, I decided today that if I earn the $50,000 business startup microloan, I will formally resign at that time. If I don’t, my immediate goal is to determine how soon I will resign & if it’s in my best interest overall to try to do so in a way that allows our founder the best option to explore closing the nonprofit or hiring a replacement who can best support the small team (since she has proven she is not capable of doing so). My current salary is $70K annually. I plan to establish my business to replace this income, or, transition into RV living where my expenses will reduce to approximately $30K annually so at minimum I work seasonal RV supporting jobs plus the side business. I live in the Midwest USA. My ask: does my FIRE plan make sense? Are there resources I need to consider while this plan plays out? Thanks in advance. EDIT: I feel two things: really bad for what I have been through & pretty hopeless I will make it, and second, thankful for those of you who believed me & are giving solid advice. If nothing else, I hope those contributing to this post know you are connecting to an individual who is still trying to change & learn from what has happened. Wishing everyone the best. submitted by /u/Dangerous-Ad3495 [link] [comments]

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I (25M, single) recently got into FIRE in the last few months, and I’m looking for advice on how I’m approaching my investment strategy particularly with my taxable account. I included details below on my current situation. Total NW is just north of $120k. No debt. Salary: $90k in a HCOL - on track to get promoted/raise at EOY 401k: $21.7k - Given portfolios ranging from conservative to aggressive. Opted for the aggressive option. On track to reach contribution limit by EOY. Matched company for previous years but increased contribution % to hit the limit this year. Roth IRA: $6.4k - In index funds / target date fund. Maxed for 2023. Brokerage: $65k - This is the account I’m referring to above. DCA’ing $500 every two weeks. I’m currently 100% in VTI. I’ve been trying to learn as much as I can about investing but this is the area I’m most unsure on. I’ve seen recommendations to include VXUS or QQQ or SCHD. HYSA: $25k - 5.4% for the next several months, 4.4% afterwards Checking/Savings: $3.5k - Will transfer $ from HYSA here for October expenses Expenses: $2.5-$3k per month. Renting in the city due to hybrid work requirement 3 days a week. How should I change my approach if at all given I’d like to retire in 20-30 years? Any help or guidance is much appreciated. submitted by /u/reegsy19910 [link] [comments]

I have a business degree and been working in a family finance business for almost 5 years. I am super thankful for it and enjoy it but wonder what else I would want to do. I am considering grad school in a totally separate field like counseling but I realize this would be time, energy, and money in terms of costs. I am wondering if it makes more sense to do an MBA but I am also feeling discouraged by the cost of the programs. Not really sure next steps and I feel anxious and overwhelmed as it seems everyone else is settled into their careers and making advancements when I have a quarter life crisis all the time. I would like to learn to relax. I have been focused on maximizing my savings over the last several years. I am pursuing FIRE but if I found something I really enjoyed I think that would change. Between retirement/savings/investments, I have a little over $120k saved and no debt which I feel very thankful for. I am 27 and will be 28 in a few months and feel like I should have more shit figured out or feel behind. I feel anxious about unknowns and the future but that is more of a personal issue than a question for FIRE. Did anyone experience something similar? Did you / do you solely focus on maximizing savings to pursue FIRE, etc.? Thanks submitted by /u/NoPublic6643 [link] [comments]

Hi! As a recent transplant to the US, I'm navigating retirement options and would appreciate some help. I (35) would like to supplement an eventual SERS pension with an effort to max out a Roth IRA each year. My institution offers 403b (TIAA or Fidelity 50266), or Commonwealth's 457/SMART Plan through Empower; looking at the options listed and it's all Greek to me. I get the general gist of going for low cost index funds, but I don't have the knowledge to make an optimal choice from specific funds offered. It also seems that 403b and SMART have very minor differences that wouldn't really matter in the long run if all I wanted to do was to max out the Roth IRA contribution, but please tell me if one is somehow better than the other in ways that go beyond the basic features listed in random internet comparison articles. The idea would be to have the funds just sit there for the next 20+ years (and compound handsomely). Trying to adult over here. submitted by /u/passerby_vibes [link] [comments]

The wedding invitation is crucial to prepare because weddings are special events in people’s lives. A beautiful invitation can make guests…Continue reading on Medium »

I want to preface this by saying I’m not trying to “brag” I’m truly stressed about our finances and don’t know what the best course of action is. My husband and I make ~$200k annually salary combined and are in our mid 20s. He owns a business worth ~$12mm currently (but will likely double within 2 years if not more), I should get a descent inheritance and we have ~$300k currently invested and ~$250k home equity. I save probably 10%-15% of my income every month and invest 15% of my income into my 401k and my husband maxes his 401k. If I lived by myself, I would likely be saving a lot, spending the bare minimum and would be trying to FIRE at 50 with ~$3mm in retirement if not more. However, since we know we have his business and are young with high earning potential, we don’t save as much as we would working normal corporate jobs, and instead choose to enjoy our lives now and do things that reduce our stress vs delaying enjoyment and grinding like we would if we didn’t have his business. The chronic worrier in me is terrified I’m not saving enough. What if we get divorced, have a bad business deal, there’s a death in the family, an economic crash or other unforeseen circumstances happen that take away our safety net? Do you think what we are currently doing and what we have invested is enough, or would you sacrifice more now to save more for an unlikely event? Saving $1k more a month now likely won’t make a difference if everything goes as expected, but it would greatly effect how we are enjoying our life now (we eat out or cook with very healthy (expensive) ingredients, we travel somewhat often and have personal and pet health issues that tend to cost a descent amount of money). We don’t do anything crazy, but are doing what helps to ease the stresses of our daily lives. Is it worth sacrificing these small joys to save a little more and be prepared if things go wrong? What type of saving or investing would you do?! submitted by /u/Stunning-Field8535 [link] [comments]

I’ve seen other posts on here about how the ACA has been a game changer to allow for early retirement. It looks like you need to make a minimal income to qualify though. Pre- retirement age, I would not be taking an early distribution on any retirement savings. Working off interest alone with my savings as well as capital gains from stock sales, I wouldn’t likely qualify either. I wanted to hear what others were doing to reach the minimum magi needed to qualify. submitted by /u/wherethehellisbill [link] [comments]

I feel extraordinary grateful for the position I am currently in and the opportunities people have given me throughout my life. I wanted to know if it makes sense consider the mega Backdoor Roth strategy. I (27) currently make $133k annually with a 10% bonus and have 3k in monthly expenses. This is the first year I started maxing out my 401k, first year maxing out my hsa, and my first year contributing to and maxing out a Roth IRA. I currently have 0 debt (no credit card debt, no student loans, or medical debt). I also rent in a VHCOL. At the end of each month I have roughly 2k remaining which I currently dump into a brokerage account (100% in VFIAX). I also have a substantial amount of cash sitting in a hysa which serves as an emergency fund as well as a down payment for a home I plan to buy in about 4-5 years. My question is should I consider a mega Backdoor Roth? I just started learning about this strategy and I wanted to know if it's worth considering in my situation. Could that monthly 2k being dumped into my brokerage account be better placed elsewhere? 401k: $45k, Roth IRA: $6.5k, HSA: $6k, Brokerage: $63k, HYSA: $60k submitted by /u/Disastrous_Mood_2533 [link] [comments]

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

I have been enrolled in a retirement pension called CalPers for almost 5 years. With this, my job also takes out social security on top of pension deductions from my paycheck. When I retire I get both my pension and the social security. I’m hearing from some at my district that it may not be worth even trying to get social security because most retirees right now can’t live off of it. There’s almost no money in it. Because of this, I’m thinking of switching over to CalStrs which is a GPO (Government pension offset). With this one I don’t pay any social security on my paychecks, which means a bigger paycheck. I get paid well so they take about $600 a month for social security alone. With this plan though I don’t get social security money. It’s more like getting money upfront from my understanding. Which is better? Please help. Maybe getting the 2nd one with a Roth IRA or something? My district matches a 401k or a 403. Im 31 years old if that helps lol. Thank you! submitted by /u/PsychoPsychologist7 [link] [comments]

Most believe it is better to keep large mortgage at old 2-3% and not pay off but keep $ in stocks or bonds. However if you want/have to move now will you pull out of stocks and bonds to buy new house for cash or get new mortgage at 7.5%+? If house was paid off you would just sell your existing and buy new with no concern of mortgage rate. This is a scenario that had been ignored during low rates phase. Do you with a 2-3% mortgage feel trapped in your house and unable to move? submitted by /u/Dsomething2000 [link] [comments]

Is it a good idea to delay Social Security as long as possible (age 70) and get maximum Social Security, by taking 4% or less from my saved funds to live off of? Current 64yo, SS would be $2500 +/- right now vs $4200 +/- by waiting. About 1MM saved, monthly expenses high is $2700 low is $2000. Zero debt, own my home, own my equipment, own my 3 vehicles. I want to retire now. submitted by /u/sparkydoctor [link] [comments]

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

I'm 26 years old. I make 112.5k USD yearly, 65.5k USD after taxes. (I don't live in the US) I have about 27k USD saved up and every 6 years I should have a thing called "study fund" that exists in my country that the employers deposits into every month. That accumulates to about 30k USD every six years. Also I'm just starting off in my field of work (software engineering) and my salaries will rise. Still with everything getting so expensive.. I feel kinda hopeless! I'm saving 30% of my *net * salary at all times and that allows me to enjoy life while also paying the bills. Maybe I should be saving a higher percentage but even then.. With housing prices being what they are I just don't see it for me. Any tips or ideas or thoughts? Thank you EDIT: Thanks a ton for the responses 🙂 slightly less nervous. Regarding comments: I could save more, but I am in a long distance relationship and we meet halfway in the world to travel and work and be together every three months. That is currently 7.5% of my salary. But it's money i would spend on traveling either way. It's important to me submitted by /u/five-little-witches [link] [comments]

I’m 29 years old. I have $416,000 in vanguard. 343k in a brokerage and 73k in a Roth IRA. I make 20-35k a month pre tax in a sales position that I’ve been doing for two years now. Recently I’ve been saving for a house for myself and my fiancée. When not saving I invest 10-15k a month in the brokerage account. My company is starting a 401k with a 3% match on October 1st. Does it make sense to contribute to this 401k or continue maximizing the brokerage and not open the 401k? submitted by /u/k_tek [link] [comments]