Reply to Thread

Message

<blockquote data-quote="GlockPride" data-source="post: 3889691" data-attributes="member: 12153">You must put something back for a rainy day and retirement.&nbsp;&nbsp; It’s going to rain and if you live long enough you’ll retire.&nbsp; Look to the people that are worth some $ and talk with them.&nbsp; Discuss pros and cons.&nbsp; Most people want to help younger people do well.&nbsp; But don’t take financial advice from broke people.&nbsp; Just like you wouldn’t take diet advice from me.&nbsp; At minimum, I’d get that “free” 6% that you’re earning every month.&nbsp; Invest it a the 401k across several categories.&nbsp;&nbsp; Then, I’d set up a Roth for myself and spouse.&nbsp; You can do $500/mo per adult (you and wife).&nbsp;&nbsp; If you can’t do $1k, do a hundred or two.&nbsp; You got $50 extra at the end of the month above the emergency fund, put it in the Roth. You can do this yourself or use a firm like Fidelity, etc.&nbsp; Once you get to 15% of your gross income going into 401k &amp; Roth, then pay down your debts, smallest to largest.&nbsp;&nbsp; Finishing with the house.&nbsp; Also, may consider college funds for the kiddos as well.&nbsp; You be surprised what $100-150 a month can do in 12-18 years. The HSA is awesome too. It lowers your taxable income, you can invest inside of it, it withdraws, grows and spends tax free. You should max this out if finances allow.&nbsp; You can even use this well into retirement for medical expenses.&nbsp; Doing something=better than doing nothing.</blockquote>

[QUOTE="GlockPride, post: 3889691, member: 12153"] You must put something back for a rainy day and retirement. It’s going to rain and if you live long enough you’ll retire. Look to the people that are worth some $ and talk with them. Discuss pros and cons. Most people want to help younger people do well. But don’t take financial advice from broke people. Just like you wouldn’t take diet advice from me. At minimum, I’d get that “free” 6% that you’re earning every month. Invest it a the 401k across several categories. Then, I’d set up a Roth for myself and spouse. You can do $500/mo per adult (you and wife). If you can’t do $1k, do a hundred or two. You got $50 extra at the end of the month above the emergency fund, put it in the Roth. You can do this yourself or use a firm like Fidelity, etc. Once you get to 15% of your gross income going into 401k & Roth, then pay down your debts, smallest to largest. Finishing with the house. Also, may consider college funds for the kiddos as well. You be surprised what $100-150 a month can do in 12-18 years. The HSA is awesome too. It lowers your taxable income, you can invest inside of it, it withdraws, grows and spends tax free. You should max this out if finances allow. You can even use this well into retirement for medical expenses. Doing something=better than doing nothing. [/QUOTE]

Verification