I'd say at least 10% in 401K, max out IRA, and max out HSA if available.

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Apr 25, 2017
7:54:08am

jensen46 Contributor

I'd say at least 10% in 401K, max out IRA, and max out HSA if available.

I would change the 401K before changing any other savings. But make sure you at least get the full company match.

I don't think it matters a ton whether the IRA is Roth or traditional, but I have a Roth. I graduated about a year and a half ago, so I am in a similar situation to you probably.

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jensen46

New username: JuicyJam
Bio page: jensen46
Joined: Mar 14, 2016
Last login: Sep 2, 2017
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Messages

Author

Time

CB teach me how to save up for retirement.

Cosmo4life

4/25/17 7:48am

At the very least you want to ensure you get the full company match in 401K

jreid191

4/25/17 7:50am

Who is interested?

TNT

4/25/17 7:53am

Put the max into 401k up to the company match. Then

Mister P

4/25/17 7:51am

Everytime you get a raise, increase the percentage you set aside for retirement.

Ozymandias

4/25/17 7:52am

If I were to do it all over again. I would save 50% of my money and live like a

Baron

4/25/17 7:53am

That plan wouldn't be for me.

Mister P

4/25/17 8:00am

I think many say that without actually doing the math and understanding the

Baron

4/25/17 8:03am

I'd rather have my kids.

rggee

4/25/17 8:05am

I am not sure why you wouldn't have your kids. Or are you saying I would rather

Baron

4/25/17 8:07am

I'm not in my thirties yet. Wouldn't trade my 3 kids for anything.

rggee

4/25/17 8:08am

Not sure who is suggesting that you would have to get new kids.

Baron

4/25/17 8:12am

They would be different kids as the ones you have now

mosterlow

4/25/17 9:12am

Why would they be different?

Baron

4/25/17 11:13am

Putting off kids until later is my biggest problem.

Mister P

4/25/17 8:07am

I guess, if you have your first by 28 and last by 32 (that would be 3 kids if

Baron

4/25/17 8:10am

As I say, that plan is not for me. I have different priotities and

Mister P

4/25/17 8:13am

I agree. And I don't think our situations are that different. Probably we

Baron

4/25/17 8:16am

Don't wait for retirement to have enjoy life. Do things now

kotacoug

4/25/17 9:23am

Exactly. That's why you wait on kids. Enjoy it now. No need to wait until the

Baron

4/25/17 11:14am

No thanks

Mr. Belding

4/25/17 8:59am

I don't necessarily agree on the kids thing (so much of planning depends on your

Ash

4/25/17 9:49am

Had first kid at 30. It's my biggest regret. Wish I had them earlier

jbonita

4/25/17 10:30am

If I would have waited, I would have ten fold time with my kids in my thirties.

Baron

4/25/17 11:17am

I'd say at least 10% in 401K, max out IRA, and max out HSA if available.

jensen46

4/25/17 7:54am

Go to the financial independence subreddit.

GilaHank

4/25/17 7:54am

I would advise contributing to your 401k up to where your employer matches, and

Skeptical Optimist

4/25/17 7:54am

Invest as little into your 401K as possible and as much into real estate as you

Revolution

4/25/17 7:55am

Amen. Don't forget gold bars and bullion specie.

4/25/17 8:02am

Ask around your ward, probably plenty who could give you some good "business opportunities"

JohnnyComeLately

4/25/17 7:59am

I've got 1989 Upper Deck, 1992 Bowman, and 1994 Fleer Ultra in my portfolio

4/25/17 8:03am

Wow. Very impressive. Especially 1989 Upper Deck

TNT

4/25/17 8:05am

Ahh, a fellow investor.

4/25/17 8:08am

I'd like to see an assessment of TNT's vintage pinball software.

Revolution

4/25/17 8:13am

Start your own company and make it successful.

4/25/17 8:04am

Lots of good ideas on here so far. Here is what I would do that few other

Y'zFan

4/25/17 8:23am

If you earn $100, spend $95.

Cougar-Duck

4/25/17 8:33am

and then find a new job that pays more than $100

4/25/17 8:33am

you know all those 25-50k cars/trucks/vans you see on the road? yeah, don't do

Mayor of Cougartown

4/25/17 8:54am

Expensive cars and eating out.

Y'zFan

4/25/17 9:28am

I think it's a major reason people think they HAVE to have 2 incomes when kids

Mayor of Cougartown

4/25/17 9:38am

Listen regularly to the Clark Howard podcast. That guy will teach you tons

4/25/17 9:26am

Oh, and congrats on thinking about this now. You're ahead of 95% of your peers.

4/25/17 9:27am

401k up to employer match, then pay off your house and cars. It's the best

YouPuntYouDye

4/25/17 10:16am

Thanks for the awesome feedback everyone. You guys aren't too bad after all:)

Cosmo4life

4/25/17 1:13pm

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