First year out of undergrad. Tips on how much to save for retirement? Other goal is to buy property in five years. Not sure if I should be going full Roth 401k or Trad (or less than full)

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Starcom, you make it sound like OP is making 6 figures and lives on Rahmmen and has 18 roommates

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Save 15% of your income in a Roth 401k. At your age, the compound growth in the money will be insane. Put the money in diversified index funds with low expense ratios. If you're holding debt, pay it off and only contribute up to the company match % until debts are paid. Make sure you have 3-6 months of expenses in an emergency fund (savings account).

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Go with a vanguard fund that stays with the Fortune 500. Cheap. Reliable. If it tanks, it means the world is ending so who cares.

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If you have a 401k, at least 10% contribution. Also, most companies match your contribution, so don't leave free money on the table!!

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👆the point is to start investing now. Compound growth is incredible...time is on his/her side. Everything else I reco'd can come with time.

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5-10% and scale up as you make more

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...maybe you didn't learn things like compound growth, exponents, or you know, math?

Read Money by Tony Robbins for all this

Starcom, when I started I realized I could pay 18% to credit cards in fees, or I could contribute to my 401k.

Make sure you cover the company match within the 401k, and roll it over to new company if you ever change jobs. Keep an eye on your credit score as somewhere over 680 (will vary) is needed to buy property without extra costs

CD1, I realized that too at a young age. I wish I had made better choices re: consumer debt. Hence my advice...doesn't need to be that way

10% 401K and get married

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You are enough.


So many of us are struggling with constant peer pressures, family obligations, corporate demands and we always keep doubting our effort.

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Sending you positive thoughts to a new week!

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