How much are you saving for your MBA vs. contributing to your 401k? Assuming low fixed expenses and ~100k salary, trying to figure out what to prioritize

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I'm planning on enrolling fall 2022. I have about the same salary and put ~30k in my 401k/year, and hope to have 30k saved for school. I'm about halfway there and expecting a raise and bonus.

I'm prioritizing 401k cause that's years of savings and contributions you don't get back.

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Lol it's 1.25% right now 😅

I’m maxing out my 401k and Roth IRA, leftover goes toward MBA savings. Aside from prioritizing long-term wealth, I want to take advantage of tax-advantaged accounts as much as possible.

I plan on converting my traditional 401k to a Roth IRA while I’m in school to take advantage of low tax rates. Worst case scenario, I can consider pulling out a small portion of my Roth IRA contributions.

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I would contribute first to 401K - that’s really your ‘long-term wealth’ which will grow and compound over the years.

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401k first. I’m maxing mine. You get the upfront tax advantage and then you also have the advantage of added time of those funds being invested.

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Max 401k for sure. Then save what you can.

I plan on taking out loans and then paying them off quickly over 2-3 yrs after graduating

I will say that I get partial support from my current company, so my loans will be under $50k in the end, which feels a whole lot better than the full price tag in loans.

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Are you all also anticipating paying full ticket price?

I expect to pay 25-35%

The rest will be company sponsorship

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