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So…. JPMC offers $110k for iOS developers in Chicago with 3 YoE and Citi bank will throw up $150-160k if I move to Irving Texas. And….. this is what their analysts are making in LONDON? Lol no… nah—- hahahhhaa oh my god that sucks
https://www.efinancialcareers.co.uk/news/2022/05/analyst-salaries-investment-banks-london?utm_source=GLOBAL_ALL_ENG
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you can withdraw your contributions (NOT growth) from a roth at any point, tax free... so if you 'overcontribute' now and then need to dip into the Roth to top up a down payment, it shouldn't be an issue. You just can't put the money back in once you take it out.
from what I read, it sounded like i can only withdraw up to $10k of my contribution without penalty, but will look into it further. Thanks!
Max the IRA and continue saving for that down payment. 5 years is still relatively far away to where 6k a year probably isn't what's going to make or break your home purchase
Create a budget to see how much you can invest vs how much you can save. I would say invest as much as possible. Max out 401k and IRA if possible.
You're only 25, so it's not the end of the world if you wait five year to boost your retirement savings, but I'd suggest using several online calculators to estimate what you should really be saving each month beyond the minimum to get your match. You should also use that information to inform how much house you can afford. If you can comfortably save enough for retirement plus your down payment simultaneously, even better.
What was your em fund goal?
Its 20k