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Has anyone else begun to resent data science?
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Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
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This year is my first year maxing at 6YOE
I contribute 15%. You should max out a Roth IRA and HSA before maxing out your 401k. No shame in not maxing out your 410k since the max is $23500
Something is always better than nothing. Took me years before I could even consider maxing mine out. Economy is tough right now and there are a lot of other finances to consider right now. Just do what you can when you can. I don’t know anybody fresh out that could do that, unless there were ‘outside’ factors at play.
I was contributing 15% to my 401k right out of undergrad in my first job in a HCOL city. I also didn't have any student loans which helped a lot. I currently contribute 12% to my 401k with a 6% match, but I also max my contributions to my Roth IRA ($7000 annually) and HSA ($4300 annually).
I do 6% 🤷. Student loans get most of my money. I would only try to get the match, because that's just losing out on free money. All additional percentage increases should be based on your level of capabilities.
401k investing a long term goal. If some years are too hard to get the fancy max contribution then that's fine.
I max it out, but I’m pretty frugal / like to watch number go up (or burn in downturns).
Google “Personal Finance Flowchart”. It shows in a detailed, but easy to understand way how you should be prioritizing your money. And then, just follow that with what you can comfortably.